Exempt So Much Of Additional Tax Chargeable Under Section 34

GOVERNMENT OF PAKISTAN REVENUE DIVISION ******* Islamabad, the 2nd September, 2000. NOTIFICATION (SALES TAX) S.R.O. 615 (I)/2000.- In exercise of the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt so much of the additional tax chargeable under section 34 as is in excess of the simple rate of one and a half per cent per month and penalties as are in excess of fifty per cent of the amounts or rates of penalties chargeable under section 33 of the said Act as it stood before the Finance Ordinance, 2000(XXI of 2000), due on such principal amount of sales tax as has accrued or has been assessed, determined, adjudged or demanded in any manner or is outstanding on any account or for any reason on or before the 30th day of June, 2000, if such principal amount is paid by a registered person alongwith additional tax and penalties as reduced by this notification on or before 30th September, 2000. 2. In cases where there are no arrears of principal amount of sales tax and the arrears involve additional tax and penalty only, the benefit of this notification shall be admissible if the amount of additional tax and penalties payable under this notification as aforesaid is paid by a registered person on or before the said date. 3. The exemption under this notification shall also be admissible in cases where proceedings under the said Act were initiated on or before the 30th day of June, 2000. 4. This notification shall not entitle any registered person to refund of any tax, additional tax or penalty already paid. [C.No. 1(33)STP/93-Pt.II] (Sarfraz Ahmad Khan) Additional Secretary