Exemption from whole amount of tax chargeable on supply of vehicles acquired by specified companies,
SRO 471(I)/2001Exemptions and concessions
SRO 471(I)/2001 is a Sales Tax SRO dated 25 June 2001, listed by FBR as "Exemption from whole amount of tax chargeable on supply of vehicles acquired by specified companies,".
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE ECONOMIC AFFAIRS
STATISTICS AND REVENUE
(REVENUE DIVISION)
****
Rescinded vide SRO No. 491(I)/2004 dated 12.06.2004
Islamabad the 25th June 2001
NOTIFICATION
(SALES TAX)
S.R.O NO 471(I)/2001.- 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, with effect from the 1st day of July, 1998, the whole amount of further tax chargeable on the supply of such vehicles as are acquired by the financial institutions such as leasing companies, modarbas and bank from the local automotive manufactures or assemblers for onward supply to end consumers under financial lease agreements or car financing.
2. This notification shall not entitle any person or financial institution to claim refund of any amount of tax already paid by, or recovered from, such person or institution.
( RIAZ AHMAD MALIK )
Additional Secretary
Which later SROs refer to this one?
SROs whose FBR title names SRO 471(I)/2001, usually to amend or rescind it.
- SRO 491(I)/200412 June 2004Rescinded Notification No. S.R.O. 471(I)/2001, dated the 25th June, 2001.
Related Sales Tax SROs on exemptions and concessions
- SRO 456(I)/200020 June 2001Exemption of specific goods imported in Pakistan during a specified period
- SRO 395(I)/200118 June 2001Exempt the whole amount of sales tax chargeable on all supplies made by a registered textile weaving
- SRO 397(I)/200118 June 2001Specific locally manufactured plant and machinery for the purpose of zero-rated supply to a manufact
- SRO 396(I)/200118 June 2001Exempt payment of the whole amount of penalty chargeable under section 33 thereof, for any of the ta
- SRO 394(I)/200118 June 2001Exemption from sales tax subject to specified conditions
- SRO 392(I)/200118 June 2001Exemption of the whole amount of Sales Tax in excess of that liable to be paid at the rates specifie