Amendments 1271(I)96, 10th November, 1996, In Special Procedure Ginning Industry Rules, 1996,

GOVERNMENT OF PAKISTAN CENTRAL BOARD OF REVENUE (SALES TAX WING) No.3(13)STP/96-Pt Islamabad, the 27 th May, 1998. To: The Manager, Printing Corporation of Pakistan Press, ISLAMABAD. SUBJECT: PRINTING OF SALES TAX NOTIFICATON I am directed to enclose herewith sales tax notification dated 27-05-1998 for publication in the Gazette of Pakistan Extra-ordinary and to request that after publication fifty copies of notification may kindly be supplied to the Secretary (STP), Central Board of Revenue for official use. (SHAFIQULLAH) SECRETARY (ACE) GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE AND ECONOMIC AFFAIRS . . . . . Islamabad, the 27 th May, 1998. NOTIFICATION (SALES TAX) S.R.O. 483(I)/98.- In exercise of the powers conferred by section 71 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendments shall be made in its Notification No.S.R.O.1271(I) 96, dated the 10 th November, 1996, in the Special procedure for Ginning Industry Rules, 1996, namely:- In the aforesaid Rules,- (a) for rule 6, the following shall be substituted, namely:- “ Payment of tax,.- (1) The ginner shall deliver ginned cotton through a delivery note or gated pass to the registered spinning unit or to the registered exporter. The delivery note or gated pass shall be serially numbered document and shall indicate the quantity of the cotton sold and the name of the buyer alongwith his sales tax registration number, builty number and dated and registration number of the vehicle on which the ginned cotton is being carried. The spinning unit or the exporter, after receipt of ginned cotton in his premises, of the ginned cotton with the ginner within six (06 days) days of the dated of the dispatch of ginned cotton from the ginning unit. The changes in quantity or value shall be indicated on the reverse side of the copies of the delivery note of gated pass issued by the ginning unit. The ginning unit shall then issue the prescribed sales tax invoice for the quantity and value of the ginned cotton agreed between the ginner and the spinning unit or the exporter. The tax invoice shall be issued of the date on which the ginned cotton was dispatched against the delivery note or gate-pass within seven days (07 days) of the dated thereof and shall bear a cross reference of the delivery note or gated pass. The Spinning unit or Exporter shall remit amount of sales tax payable on cotton purchased by him during the month to the ginner by the 15th day of the month following the month to which the tax invoice relates through a Bank Draft drawn and crossed in the name of the respective Collector Sales Tax. The Ginner shall issue a proper receipt for the Ginner shall deposit these drafts in the authorized branch of National Bank of Pakistan by the 20 th day of that month and submit to Collector Sales Tax details of cotton sold by him during a month and amounts of sales tax deposited by him in the format given below by the 27 th day of that month:- Name and Address of Ginner. ______________________________________ Registration No. ________________________________________________ Month. ________________________________________________________ NAME OF BUYER WITH TAX INVOICE NO. QUANTITY OF LOCATION AND AND DATE COTTON-SEED SOLD REGISTRATION NO. (1) (2) (3)

VALUE SALES TAX PAYABLE SALES TAX PAID THROUGH DRAFT NO. AND DATE (4) (5) (6) 2. If the ginning unit delivers or despatches any cotton to any spinning unit or exporter without issuing the delivery note or gate pass or if he fails to issue the tax invoice within seven days (07 days) from the date of the respective delivery note or gated pass, he shall be liable to penalty under section 33 of the Act besides being liable to pay the tax. 3. If the spinning unit or exporter of ginned cotton fails to remit sales tax payable on cotton purchased by him during a month to the Ginner through Bank Draft in the name of Collector Sales Tax by the 15 th day of the month following the month to which the tax invoice relates, he shall not be entitled to claim adjustment of sales tax in respect of such purchase and shall also be liable to pay additional sales tax under section 34 of the Sales Tax Act, 1990 and to penalty under section 33 of the Sales Tax Act, 1990. However, if spinning unit or exporter furnishes Bank Draft for the amount of sales tax due to Ginner by the 15th day of the month following the month to which the tax invoice relates and the Ginner fails to deposit the same within due date that is by the 20 th day of the month following the month to which the tax invoice relates then spinning unit or exporter shall be entitled to claim adjustment or refund of sales tax remitted by him through Bank Draft but Ginner shall be liable to additional tax and penalties under section 33 and 34 of Sales Tax Act, 1990. 4. The ginner shall deliver cotton-seed to the registered oil expelling unit and issue tax invoice on the date on which delivery was handed over to the oil expelling unit. The oil expelling unit shall remit amount of sales tax payable on cotton-seed purchased by him during the month to the ginner by the 15 th day of the month following the month to which the tax invoice relates through a Bank Draft drawn and crossed in the name of respective Collector Sales Tax. The Ginner shall deposit these drafts in the authorized branch of National Bank of Pakistan by the 20 th day of that month and submit to the Collector Sales Tax details of cotton-seed sold by him during a month and amounts of sales tax deposited by him in the format given below by the 27 th day of that month:- Name and Address of Ginner. ______________________________________ Registration No. ________________________________________________ Month. ________________________________________________________ _____________________________________________________________ NAME OF BUYER WITH TAX INVOICE NO. QUANTITY OF LOCATION AND AND DATE COTTON-SEED SOLD REGISTRATION NO. (1) (2) (3) VALUE SALES TAX PAYABLE SALES TAX PAID THROUGH DRAFT NO. AND DATE (4) (5) (6) (5) If the oil expelling unit fails to remit sales tax payable on cotton-seed purchased by him during the month to the Ginner through Bank Draft in the name of Collector Sales Tax by the 15 th day of the month following the month to which the tax invoice relates, he shall not be entitled to claim adjustment of sales tax in respect of such purchase and shall also be liable to pay additional sales tax under section 34 of the Sales Tax Act, 1990 and to penalty under section 33 of the Sales Tax Act, 1990. However, if oil expelling unit furnishes Bank Draft for the amount of sales tax due to Ginner by the 15th day of the month following the month to which the tax invoice relates and the Ginner fails to deposit the same within due date that is by the 20 th day of the month following the month to which the tax invoice relates then oil expelling unit shall be entitled to claim adjustment or refund of sales tax remitted by him through Bank Draft but Ginner shall be liable to additional tax and penalties under sections 33 and 34 of Sales Tax Act, 1990.”; and (b) rule 8 shall be omitted. [F.No.3(13)STP/96-Pt.] (S.M. KAZIMI) Additional Secretary.