Change in STR-7 Form

Government of Pakistan Revenue Division Federal Board of Revenue Inland Revenue ***** NOTIFICATION (Sales Tax) Islamabad, 09th April, 2022. S S.R.07 (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 (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 See rule 14(1)1 PEIRRAKI,-AN l' NTN Name Tax Period (MMYY) Normal Revised Submission Date -MN-- & al re I I CNIC in case of Individual COY/ADP/IND Business Nature 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-8 4 Capital Goods / Fixed Assets (Domestic Purchases & imports) Annex-A, I & B 5 Input for the month 4 (1 + 3 + 4) r. 6 Credit brought forward from previous tax period 15 fe I- 6a Inadmissible input tax in terms of section 8(1)(m) for failure to provide NIC / NTN of unregi tered (2x buyer , 2 6b Inadmissible Input tax in terms of section 88(6) so 4.1 Reversal of Inadmissible input tax as per row 6b - Subject to exclusion as provided under sub-para 6 c Us (11) & (Ill) of pars 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.) 7a Inadmissible input tax credit in terms of section 7(2)() read with section 8(1)(1) of the Sales Tax Act, 1990 and disallowance of reduction 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 retum's row 7c 7c Balance of earlier disallowed input tax credit and disallowed reduction of output tax through column o 7(a) 8 Accumulated Credit = [5 + 6 + 7b + 6c- (6a + 6b + 7 + 7a)] 9 Total Goods or Services supplied locally (Including Reduced Rate Sales) Annex-C &I 10 Goods 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. 12,500 I I 2. Rs. 10,000 I - 3. Rs, 7,500 I - 14 Gas supplied to CNG sector on fixed/notified Value Annex-C &I 14a Sales Tax portion of Sr.14 collected at 17% of value as in section 2(46)(a) [adjustable against input tax] Debits 14b Remaining Sales Tax portion of Sr. 14 (non-adjustable against input) = (14- 14a) 15 Output Tax = (9 + 14a + 19 +20) Tax 16 Sales Tax deducted by withholding agent(s) Annex-C & I Sales 1817 SalesAccumulatedTax WsDebit3(9) on= (15electricity- 16) supplied to Retailers (non-Adjustable) 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)2019 Annex-A 22 Sales Tax withheld as withholding agent Annex-A & I 23 Sales Tax Arrears including Principal, Default Surcharge & Penalty Annex-G 23a Further Tax charged on supplies made to Un-Registered Person Annex-C 23b Extra Tax collected under SRO 1222(1)/2021 on sale of Electricity & Gas Annex-C &I 24 Whether exclude from Section 88(I), under SRO 1190(1)/2019 Yes/No If yes, select category covered in Table-1 / Table-2 25 Admissible Credit: 1f24 = 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; otherwise, 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)] 27 Credit Carried forward on account of Value Addition Tax Annex-F 28 Unadjusted Credit Available for the purpose of refund = (26 - 27) 29 Refund Claimed (Provide Stock Statement as Annex-H now, or file it later as per rules) 30 Credit to be carried forward [if 28> 29, then [(28 - 29) + 27]: otherwise 27]Refundable 31 Federal Excise Duty (FED) Drawback Annex-E ! 32 Sales Tax Payable [if 17 > 25 then (17 -25); otherwise zero] + [12 + 14b + 18 + 21 + 22 + 23 + 23a + 23b] . 33 Federal Excise Duty (FED) Payable Annex-E 34 Petroleum Lew (PL) Payable Payable 35 Total amount to be paid = (32 + 33 + 34) POS Service Fee at the rate of Re.1 per charged vide Notification of SRO No. 1006(1)/2021 to be deposited In IRS Common Pool Fund 35a (Account No. PK06A8PA0010002165980109) Annex-C 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 holder of CNIC No. in my capacity as authodzed person do solemnly declare that to the best of my knowledge and belief the information given in this return is coned and complete in all respects in accordance with the provisions of applicable law. Declaration Date: Submitted electronically by using Usebid. Password and PIN as electronic signature Payabli 302341 - SalesHeadTax onofGoodsAccount Amount - 802485 - FED ExcludingHeadNaturalof GasAccount Amount ._._.302388 - Sales Tax on Services 1302501 - FED on Natural Gas wise 302367 . FED In VAT Mode 303065 - Petroleum Levy ._ Amount Paid (In figures) I in words I . TotalHead CPR Nos. I CPR-1, CPR-2, CPR-3, ...