Supersession S.R.O. 578(I)/98, dated the 12th June, 1998,
SRO 490(I)/2004Amendments to earlier SROs
SRO 490(I)/2004 is a Sales Tax SRO dated 12 June 2004, listed by FBR as "Supersession S.R.O. 578(I)/98, dated the 12th June, 1998,".
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
***
Islamabad, the 12th June, 2004.
NOTIFICATION
(SALES TAX)
S.R.O. 490(I)/2004.- In exercise of the powers conferred by clause (b) of sub-section (1) of section 8 of the Sales Tax Act, 1990, and in supersession of its Notification No. S.R.O. 578(I)/98, dated the 12th June, 1998, the Federal Government is pleased to specify that the following goods, acquired otherwise than as stock in trade, by a registered person, to be the goods in respect of which input tax shall not be claimed, namely:-
(a) vehicles falling in chapter 87 of the First Schedule to the Customs Act, 1969 (IV of 1969);
(b) food, beverages, garments, fabrics, etcetera and consumption on entertainment; and
(c) gifts and give-aways.
Explanation:- For the purpose of this Notification, the term “stock in trade” shall mean goods purchased by a registered person in the course of business for sale as such or after further processing or manufacture.
[C. No. 1/33-STB/2004]
(Shahid Ahmad)
Additional Secretary
Which SROs does the title refer to?
- SRO 578(I)/9812 June 1998Supersession of SRO 1307(I)/97, Specify the Goods acquired otherwise than as stock in trade
Which later SROs refer to this one?
SROs whose FBR title names SRO 490(I)/2004, usually to amend or rescind it.
- SRO 570(I)/201426 June 2014Federal Government is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 490(I)/2004, dated the 12th June, 2004
- SRO 141(I)/201428 February 2014Federal Government is pleased to direct that the following further amendment shall be made in its Notification No. S.R.O. 490(I)/2004, dated the 12th June, 2004
- SRO 450(I)/201327 May 2013Amendment in S.R.O 490(i)/2004 dated 12th June, 2004.
- SRO 464(I)/20079 June 2007Amendment in SRO 490(I)/2004
Related Sales Tax SROs on amendments to earlier sros
- SRO 493(I)/200412 June 2004Rescinded S.R.O. 205(I)/2001, dated the 2nd April, 2001.
- SRO 492(I)/200412 June 2004Amendment in S.R.O. 1071(I)/2003, dated the 25th November, 2003
- SRO 491(I)/200412 June 2004Rescinded Notification No. S.R.O. 471(I)/2001, dated the 25th June, 2001.
- SRO 489(I)/200412 June 2004Rescinded S.R.O. 389(I)/2001, dated the 18th June, 2001.
- SRO 488(I)/200412 June 2004Supersession of S.R. O. 507(I)/2003, dated the 7th June, 2003
- SRO 487(I)/200412 June 2004Rescinded S.R.O. 987(I)/99, dated 30.08.1999 and S.R.O. 505(I)/2003, dated 07.06. 2003