Short Title, Application and Commencement, Definitions, Enrollment of Turnover Taxpayer, Furnishing

TURNOVER TAX RULES, 1996 CONTENTS 1. Short title, application and commencement. 2. Definitions. 3. Enrolment of turnover taxpayer. 4. Payment of turnover tax. 5. Records to be kept. ------ TURNOVER TAX RULES, 1996 1Notification No. S.R.O. 552(I)/96, dated 1stJuly, 1996. --- In exercise of the powers conferred by the section 50 of the Sales Tax Act, 1990, read with sections 3A and 26A thereof, the Central Board of Revenue is pleased to make the following rules, namely:-- 1. Short title, application and commencement. --(1) These rules may be called Turnover Tax Rules, 1996. (2) They shall come into force on and from the first day of July, 1996. 2. Definitions. -- (1) For the purpose of these Rules; "Act" means the Sales Tax Act, 1990; "Annex" means an annex appended to these Rules; "enrollment application" means application for enrollment of turnover taxpayers in the form at Annex-A; "enrollment certificate" means a certificate of enrollment as at Annex-B; and "return" means turnover tax return-cum-payment challan as in form at Annex-C. (2) All other terms and expressions used but not defined in these Rules shall have the same meaning as are assigned to them under the Act. 1 Reported as PTCL 1996 St. 1087.

3. Enrollment of turnover taxpayer. -- (1) A person whose taxable turnover does not exceed one million rupees shall make an enrollment application to the Collector having jurisdiction in the area where his business premises are located. (2) The Collector shall having satisfied himself with the requisite information provided in the enrollment application cause the applicant to be enrolled and issue the enrollment certificate accordingly. 2[4. Furnishing of return and payment of turnover Tax. -- (1) A person required to pay turnover tax shall furnish the return to the office of Collector of Sales Tax having jurisdiction alongwith the original treasury challan as a proof of payment of the amount of turnover tax due as indicated in column 04 of the return.] 5. Records to be kept. -- A person required to pay turnover tax under section 3A shall keep the following records, namely,-- (i) Record of purchases indicating description, quantity and value of goods purchased and the name and address of the seller. (ii) Record of sales indicating description, quantity and value of goods sold, name and address of the buyer. ****** 2 Rule 4 submitted by Notification No. S.R.O. 100(I)/97, reported as PTCL 1997 St. 917.

Annex-A T-1/V.1 GOVERNMENT OF PAKISTAN APPLICATION FOR ENROLMENT OF TURNOVER TAXPAYER (Under Sales Tax Act, 1990) 1. Name _____________________________________________________________ 2. Business Address ____________________________________________________ 3. Phone ______________ Fax _________________ Telex ________________ 4. Date of Commencement of Business _______________ N.T.N ____________ 5. SALES TAX REGISTRATION NO. (if any held presently / previously) STATUS OF BUSINESS (Please tick appropriate box below) Sole Proprietor Partnership Other (Please specify) BUSINESS TYPE Please Tick : 1 Manufacturer 2 Wholesaler 3 Retailer 4 Importer 5 Exporter SALE OF TAXABLE GOODS. Last year ________________________ Rs. _____________ DECLARATION I declare that the above particulars are true and correct. Sig. Of Authorised person with Office stamp Date (Name & Designation)

FOR OFFICIAL USE (Bank official) Retail Tax enrolment No. Checked by ________________ Date of Enrollment _______________ ---------

GOVERNMENT OF PAKISTAN 3[Annex-B TURNOVER TAX RETURN PART-I (01) TURNOVER TAX NUMBER (02) TAX PERIOD MONTH YEAR FROM TO (03) NAME AND ADDRESS (04) SALES VALUE (Excld. Tax) RATE TURNOVER TAX DUE TAXABLE GOODS (05) DECLARATION I declare that the above particulars are true and correct. Signature of authorised person with office stamp (Name and Designation) Date ________________ PART-II RECEIPT (Taxpayer's Copy) (06) Received on _______________ (07) Payment Challan (Enclosed/Not enclosed) _________________________________ (Assessment and Processing Division) Official Seal 3 Annexures "B" and "C" substituted by Notification No. S.R.O. 100(I)/97, reported as PTCL 1997 St. 917.

ANNEX-C T-2/V.1 GOVERNMENT OF PAKISTAN COLLECTORATE OF SALES TAX________________ _____________________________________________ CERTIFICATE OF ENROLMENT (Under Sales Tax Act, 1990) (01) NAME (02) ADDRESS (03) You have been enrolled as a turnover taxpayer under Sales Tax Act, 1990. This means that you must: (i) Deposit Turnover Tax in the Treasury / Authorised bank and furnish the same alongwith tax return on six monthly basis i.e. Return for July to Dec., (or any part there of) by 20th January and January to June, (or any part there of) by 20th July. (ii) Abide by the provisions of the Sales Tax act, 1990. (04) Your Sales tax Registration Number is: (05) This number must be shown in the tax return and quoted in all your correspondence with the Sales Tax Department. ________________________________ ASSISTANT COLLECTOR (SALES TAX) (Registration & Information Division) *****