Change in STR-7 Form

Government of Pakistan Revenue Division Federal Board of Revenue Inland Revenue ***** NOTIFICATION (Sales Tax) Islamabad, 08th March, 2022 S.R.O. 407(1)/2022.--In exercise of the powers conferred by sub-section (1) of section 4 and sections 40 and 45A of the Federal Excise Act, 2005, section 50 and sub-section (1) of section 71 of the Sales Tax Act,1990 (VII of 1990), read with sub-section (7) of section 7, sub-section (2) of section 8, clause (ii) of sub- section (2) of section 8B, sections 9, 10, 14, 21, 21A and 28, clause (c) of sub- section (1) of section 22, first proviso to sub-section (1) of section 23, section 26, section 33, section 40C, sub-section (6) of section 47A, sections 48, 50A, 52, 52A, 66 and 67A thereof, the Federal Board of Revenue is pleased to direct that the following further amendment shall be made in the Sales Tax Rules, 2006 namely:- In the aforesaid Rules, for the form STR-7, the following shall be substituted, namely:-

Government of Pakistan "STR-7 Sales Tax & Federal Excise Return NSTR 2022 - -IA -. NTN Name Tax Period (MbWY) r. ormal Revised Submission Date 1 I .2 I m I ar W 1 I CNIC in case of Individual COY/ADP/1ND Business Nature I I I Tax Office Sr. Description Gross Value Taxable Value Sales Tax Domestic Purchases from Registered Persons (excluding fixed assets) Annex-A & I 2 Domestic Purchases from Un-registered Persons Annex-A & I 3 Imports excluding fixed assets (includes value addition tax on commercial imports) Annex-B 4 Capital Goods / Fixed Assets (Domestic Purchases & Imports) Annex-A, I & B 5 Input for the month = (1 -4- 3 + 4) 4 6 Credit brought forward from previous tax period tEr 0e 6a Inadmissible input tax In terms of section 8(1)(m) for failure to provide NIC / NTN of unregistered buyer x g 6b Inadmissible Input tax in terms of section 80(6) 2 - ca fic Reversal of inadmissible input tax as per row 6b - Subject to exclusion as provided under sub-pare cn (II) & (III) of para 2 of STGO No. 1/2022 dated 3-8-2021 7 Non-creditable inputs (relating to exempt, non-taxed supplies of goods or services etc.) input fax credit in terms of section 7(2)(i) read with section 8(1)(1) of the Sales Tax Act, 1990 and disallowance of reduction 7a Inadmissible in output tax in respect of withholding of sales tax/Credit Notes 7b Allowance of input tax credit and reduction of output tax out of previous return's row 7c To Balance of earlier disallowed input tax credit and disallowed reduction of output tax through column o 7(a) 8 Accumulated Credit = [5 + 6 + 7b + Sc- (6a + 6b -c 7 + 7a)] 9 Total Goods or Services supplied locally (Including Reduced Rate Sales) Annex-C & I 10 Goads or services supplied locally (at Reduced Rates) Annex-C & I 11 Exports 12 Supply of bricks (fixed rates) No. of kilns in each Region 1. Rs 2,500 - 12. Rs. 10,000 I - 3. Rs. 7,500 1 14 Gas supplied to CNG sector an fixed/notified Value m Annex-C & I la 14s Sales Tax portion of Sr.14 collected at 17% of value as in section 2(46)(a) [ad)ustable against input tax] 8 145 Remaining Sates Tax portion of Sr 14 (non-ad)ustable against input) s(14 - 14s) x 15 Output Tax = (9 + 13a + 14a + 19 +20) to (-- 16 Sales Tax deducted by withholding agent(s) re0 17 Accumulated Debit = (15 - 16) Annex-C & I to0 18 Sales Tax u/s 3(9) on electricity supplied to Retailers (non-Ad)ustable) 19 Adjustment in respect of Steel Sector Annex-C 20 Adjustment in respect of Ship breaking units Annex-C 21 Purchase of ginned cotton covered under SRO 1087(1)12019 Annex-A 22 Sales Tax withheld as withholding agent Annex-A & I 23 Sales Tax Arrears including Principal, Default Surcharge & Penalty 23s Further Tax charged on supplies made to Un-Registered Person Annex-G Annex-C 23b Extra Tax collected under SRO 509(1)/2013 on sale of Electricity 8 Gas Annex-C 8 I 24 Whether exclude from Section BB (1), under SRO 647(1)12007 Yes/No If yes, select category Cove ed inl Table-1 / Table-2 25 Admissible Credit: If 24 = Table-1 then 8: if 24 = No, then (least of (8-4) or "90% of 15" or 17) + (if (8-4) <"90% of 15" then 4: othenMse, zero); if 24 = Table- 2, then (least of (8-4) or "95% of 15" or 17) + (if (8-4) < "95% of 15" then 4; otherwise, zero) 26 Excess Unadjusted Credit [if 24 = Yes and 25 > 17 then (25- 17); otherwise zero; if 24 = No then (8- 25)1 ar Ta 27 Credit Carried forward on account of Value Addition Tax -crca 28 Unadjusted Credit Available for the purpose of refund = (26 - 27) Annex-F c s 29 Refund Claimed (Provide Stock Statement as Annex-H now, or file it later as per rules) ffi 30 Credit to be carried forward [if 28 > 29, then [(28 - 29) + 271; otherwise 27] ce - 31 Federal Excise Duty (FED) Drawback Annex-E3‘2 32 Sales Tax Payable [if 17 > 25 then (17- 25); otherwise zero] + [12 + 14b + 18 + 21 + 22 + 23 + 23a + 23b] cc >-. 33 Federal Excise Duty (FED) Payable to Annex-E o. 34 Petroleum Levy (PL) Payable 35 Total amount to be paid = (32 + 33 + 34) 36 Tax paid on normal/previous return (applicable in case of revised return) 37 Balance Tax Payable/ (Refundable) = (35 - 36) 38 Select bank account for receipt of refund I c I .2 holder of CNIC No. b' in my capacity as authorized person do solemnly declare that to the best of my knowledge and belief the Information given in this return is correct and complete in all respects in ta accordance with the provisions of applicable law. T.1 8. Date: Submitted electronically by using User-Id Password and PIN as electronic signature rd es Head of Account Amount Head of Account Amount ,... el 1302341 - Sates Tax on Goods0- 802485- FED Excluding Natural Gas oa 802386- Sales Tax on Services 002501 - FED on Natural Gas ; 802367 - FED in VAT Mode - 003085 - Petroleum Levy Tel ' Total Amount Paid (in figures) I I in words I at I CPR Nos CPR-1 CPR-2, CPR-3, ... \) (-