Amendment in Sales Tax Special Procedure Rules, 2004

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) ********* Islamabad, the 8th September, 2004 NOTIFICATION (SALES TAX) S.R.O. 768(I)/2004.-In exercise of the powers conferred by section 71 of the Sales Tax Act, 1990, read with clause (9) of section 2,section 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 further amendment shall be made in the Sales Tax Special Procedure Rules, 2004, namely:- In the aforesaid Rules, in Chapter II, for "Annex-B" and "Annex-C" the following shall be substituted, namely:- Note: In case of revised return, insert date of initial return. GOVERNMENT OF PAKISTAN Sales Tax Return - cum - Payment Challan for COMMERCIAL IMPORTERS Annex B [See rule 12] (02) N.T.N # Rs. Rs. (07) Sales | VALUE (Excluding Sales Tax) | Rate | SALES TAX DUE (Output Tax) (a) Taxable Supplies | Rs. | 15% | Rs. (b) Exports/Zero-rated Supplies | Rs. | 0% (c) Supplies to DTRE Registered persons | Rs. | 0% (d) Exempt Supplies | Rs. TOTAL | Rs. | Rs. (08) Purchases | VALUE (Excluding Sales Tax) | Rate | SALES TAX PAID (Input Tax) (a) Taxable Imports | Rs. | 15% | Rs. (b) Taxable Purchases (Domestic) | Rs. | 15% | Rs. (c) *************************** | Rs. ***************** | 15% | Rs.*********************** (d) Exempt Purchases / Imports | Rs. (e) All other Purchases | Rs. TOTAL | Rs. | Rs. (8A) Sales tax on value addition already paid on Treasury Challans 15 % Rs. Rs. (10) Penalty for late filing (09) Arrears / Additional Tax / Recoveries Rs. Rs. Net amount payable (including Arrears, Additional Tax and Penalties) Rs. (11) TOTAL SALES TAX PAYABLE [7-(5+6+8)-8A+(9+10)] Head of Account q 0220000 Sales Tax Declaration I declare that the entries in this return are true and correct Name Signature N.I.C # Stamp Designation YEAR Date Rs. For Bank use Serial No……………… Amount Amount in words. ………………………………………………………..… Received …………………………………………………………………………..…. Bank Officer’s Signature ……………………………………….………… Bank’s Stamp Annex-C See rule 13 STATEMENT OF VALUE ADDITION OF COMMERCIAL IMPORTER Sales Tax Registration No:__________________________________________ Name:__________________________________________________________ Address:________________________________________________________ Telephone No.:____________________ Fax:___________________________ For the year from______________ (monthly year) to ____________(month year) 1. Opening Stock as on 1st July -------- Rs._________________ 2. Total Imports during the year Rs._________________ 3. Closing Stock as on 30th June ------ Rs._________________ 4. Total Sales during the year Rs._________________ 5. Cost of Sales (1+2-3) Rs._________________ 6. Value Addition (4-5) Rs._________________ 6A. Value Addition Percentage (6/5) x 100 Rs._________________ 7. Tax Payable on value addition [5+(5x6A)]x0.15 Rs._________________ 8. Sales Tax paid during the year Rs._________________ 9. Tax Payable (7-8) Rs._________________ 10. Balance amount paid vide Challan No. and date Rs._________________ Signature:___________ Name:______________ Designation:_________ N.I. Card No:_________ Date:_______________ Annex-C-1 See rule 13 STATEMENT OF VALUE ADDITION OF COMMERCIAL IMPORTERS FOR DOMESTIC PURCHASES ONLY Sales Tax Registration No:__________________________________________ Name:__________________________________________________________ Address:________________________________________________________ Telephone No.:____________________ Fax:___________________________ For the year from______________ (monthly year) to ____________(month year) 1. Opening Stock as on 1st July -------- Rs._________________ 2. Total purchases during the year Rs._________________ 3. Closing Stock as on 30th June ------ Rs._________________ 4. Total Sales during the year Rs._________________ 5. Sales Tax paid during the year on domestic goods Rs._________________ Signature:___________ Name:______________ Designation:_________ NIC Card No:________ Date:_______________ [C.No.3(12)ST-L&P/04]