Exemption of Additional Tax and Penalty Payable in Excess of the Amount

GOVERNMENT OF PAKISTAN REVENUE DIVISION CENTRAL BOARD OF REVENUE (SALES TAX WING) *** Islamabad, the 5th May, 2004. NOTIFICATION (Sales Tax) S.R.O. 247(I)/2004. - In exercise of the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the amount of additional tax and penalty payable in excess of the amount mentioned in column (3) of the Table below, by the categories of persons mentioned in column (2) thereof, subject to the following conditions, namely:- (a) the amount of tax payable is to be paid by the 30th June, 2004: Provided that in case the additional tax payable by a registered person exceeds the principal amount, the additional tax in excess of twenty five per cent of the principal amount and the whole of penalty shall be exempted, if the payment of outstanding principal amount and the additional tax as reduced by this notification is made on or before the 30th June, 2004: Provided further that in case only an amount of penalty is outstanding against a registered person, if he pays an amount equal to twenty-five per cent of the such amount by the 30th June, 2004, the remaining amount of penalty shall be exempted. and (b) this notification shall not entitle any person to claim or take refund of any amount of sales tax already paid by or recovered from him. TABLE Sr. No. | Category of person | Amount payable (1) | (2) | (3) 1. | Persons against whom any amount of sales tax is outstanding in terms of an audit observation, audit report, demand notice, assessment order or adjudication order, or due to any other reason. | Outstanding principal amount of sales tax and twenty-five per cent of additional tax thereon. 2. | Persons who failed to pay any amount of sales tax or took inadmissible adjustment of input tax due to any reason. | Amount of sales tax not paid or inadmissible input tax adjusted, as the case may be, and twenty-five per cent of additional tax thereon. 3. | Persons who wrongly obtained refund or took inadmissible adjustment of input tax on the basis of fake or flying invoices, wrong calculations or any other reason. | Amount of refund wrongly obtained, or inadmissible input tax adjusted, as the case may be, and twenty-five per cent of additional tax thereon. 4. | Persons who avoided payment of further tax by wrongly issuing invoices in the name of registered persons. | Amount of further tax involved and twenty-five per cent of additional tax thereon. [C. No. 3(11) ST-L&P/2004] (SHAHID AHMAD) Additional Secretary