Exemption from Sales Tax to Certain Extent on Furniture

EXEMPTION FROM SALES TAX TO CERTAIN EXTENT ON FURNITURE 47Notification No. S.R.O. 641(I)/89, dated 17th June, 1989.---In exercise of the powers conferred by and sub-section (1) and (2) of section 7 of the Sales Tax Act, 1951 (III of 1951), the Federal Government is pleased to exempt wooden 48[and steel] furniture manufactured or sold in Pakistan by the persons specified in column (2) of the table below from so much of the sales tax leviable thereon as is in excess of the amount specified in column (3) of the table, subject to the following conditions:-- Exemption under this notification shall be available to the manufacturer, wholesaler and retailer who elects to pay the tax under this notification within 49[nenety days] of the commencement of the financial year 1989-90 thirty days of the commencement of a financial year following the financial year 1989-90; and thirty days of the establishment of the factory or wholesaler retail out let during a financial year the tax payer shall exercise the option to pay the tax under this notification, in writing, to the Assistant Collector of Central Excise the option so exercised shall remain in force until revoked by the tax payer; the tax payable under this notification shall be paid at the time of exercising the option; and the manufacturer, wholesaler or retailer shall not claim refund or adjustment of sales tax under any of the sections of the Sales Tax Act, 1951(III of 1951). TABLE S.No. | Manufacturer | Amount (1) | (2) | (3) 1 | Cottage workshop without machine | Rs. 150.00 2 | Cottage workshop with any machine with power | Rs. 300.00 3 | Retailer selling unfinished furniture | Rs. 500.00 4 | Retailer of finished furniture / sole proprietor | Rs. 1,200.00 5 | Showroom 50 [of] Registered firm | Rs. 10, 000.00 6 | 51 [Show Room of Limited Companies] | Rs. 30,000.00 47. Reported as PTCL 1989, St 860 48. Inserted by Notification No. SRO 664(I)/89, dated 26th June, 1989, reported as PTCL 1989 St. 863. 49. Substituted for the words "sixty days" by Notification No. SRO 892(I)/89, dated 31st August, 1989. 50. Substituted for "/" by the Notification No. SRO 892(I)/89 dated 31st August, 1989. 52. substituted for the word "Limited Companies" by Notification No. SRO 992(I)/89, dated 30th September 1989, as reported by PTCL 1990 St.--