Amendment in Sales Tax Special Procedure Rules 2004

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) ***** Islamabad, the 8th July, 2004. NOTIFICATION (SALES TAX) S.R.O. 592(I)/2004.- In exercise of the powers conferred by section 71 of the Sales Tax Act, 1990, read with clause (9) of section 2, sections 3, 3AA and 4, sub-section (2) of section 6, section 7A, clause (b) of sub-section (1) of section 8, clause (a) of sub-section (2) of section 13, sections 26AA and 34A, and the first and second provisos to section 45 thereof, the Federal Government is pleased to direct that the following amendments shall be made in the Sales Tax Special Procedures Rules, 2004, namely:- In the aforesaid rules, in Chapter II,- (a) in rule 9, in sub-rule (1), in clause (e), the word, figure and letter “or 25B”, shall be omitted; (b) in rule 10, - (i) in sub-rule (1), for the word “fourteen”, the word “ten” shall be substituted; and (ii) in the proviso to sub-rule (1),- (a) for the word “fourteen”, the word “ten” shall be substituted; and (b) for the Example, the following shall be substituted, namely:- “EXAMPLE (a) | Value of imported goods determined under section 25 of the Customs Act, 1969 (IV of 1969) | = Rs. 100.00 (b) | Customs duty e.g. @20% | = Rs. 20.00 (c) | Assessed import value (= a + b) | = Rs. 120.00 (d) | Sales tax @15% payable on bill of entry | = Rs. 18.00 (e) | Value of supplies, with value addition of 10% [= c + (c x 10 ¸ 100) ] | = Rs. 132.00 (f) | Value addition on which sales tax is payable (= e - c ) | = Rs. 12.00 (g) | Sales tax on value addition (= f x 15 ¸ 100) (payable on treasury challan)”; and | = Rs. 1.80 (c) in Annex ‘A’,- (i) for the figures “14”, the figures “10” shall be substituted; and (ii) for the figure “020000” the figure “0220000” shall be substituted; and (d) in Annex ‘C’, for the figure “0.14”, the figure “0.10”, shall be substituted. [C. No. 3(12)ST-L&P/2004] (Shahid Ahmad) Additional Secretary