Exemption from sales tax subject to specified conditions

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE REVENUE DIVISION ***** Islamabad, the 18th June, 2001. NOTIFICATION (SALES TAX) S.R.O. 394(I)/2001.¾ In exercise of the powers conferred by clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the whole amount of sales tax in excess of that liable to be paid at the rate of three hundred rupees per power loom on such textile weaving units who paid the amount for the financial years 1996-97 and 1997-98, subject to the following conditions, namely:- (i) Sales tax as per the agreed rate of three hundred rupees per power loom has been paid by the unit before the 30th June, 1998; (ii) the unit started working on the VAT mode of sales tax since the 1st July, 1998, or earlier, and thereafter is regularly paying sales tax and complying with the provisions of the Sales Tax Act, 1990, and rules made thereunder; (iii) the unit is not involved in any case of tax fraud; and (iv) the unit pays arrears of sales tax, if any, pertaining to the period prior to the 30th June, 1998, up to the 30th December, 2001. 2. The benefit of this notification shall be admissible only if the registered person applies to the Collector of Sales Tax having jurisdiction in proper form along with the relevant documents duly certified by the concerned trade association as to the fulfillment of the said conditions and the Collector, after having satisfied himself about the accuracy and genuineness of such application issues a formal order to the effect that the applicant is allowed the benefit of this notification. 3. 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. [C. No. 3(9)STL&P/2001] ( RIAZ AHMAD MALIK ) Additional Secretary