Amendments in the Retail Tax Rules, 1998

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS & REVENUE REVENUE DIVISION ********** Islamabad, the18th June, 2001. NOTIFICATION (SALES TAX) S.R.O. 399(I)/2001.¾ In exercise of the powers conferred by section 3AA of the Sales Tax Act, 1990, read with sections 26AA and 71 thereof, the Federal Government is pleased to direct that the following further amendments shall be made in the Retail Tax Rules, 1998, namely,- In the aforesaid Rules, (1) in rule 5, in the proviso to sub-rule (1), for the full-stop, at the end, a colon shall be substituted and thereafter the following new proviso shall be added, namely: - “Provided further that a retailer whose annual turnover does not exceed ten million rupees in any period during the last twelve months shall maintain such records as are prescribed in the proviso to rule 5 of the Turnover Tax Rules, 1999.”; and (2) in Annex B, in Part-I,- (a) in serial number (02), for the words and brackets “TAXPAYER IDENTIFICATION NUMBER (TIN) (For Official Use Only)”, the words and brackets “NATIONAL TAX NUMBER (NTN)” shall be substituted; and (b) in the box occurring under serial No. 4, for the word “QUARTER”, the word “MONTH” shall be substituted. [C.No. 3(9)STL&P/2001] ( RIAZ AHMAD MALIK ) Additional Secretary