Amendment in Sales Tax Refund Rules,2002

GOVERNMENT OF PAKISTAN REVENUE DIVISION CENTRAL BOARD OF REVENUE (SALES TAX WING) ********* Islamabad, the 30th September,2004 Notification (Sales Tax) S.R.O. 820(I)/2004.-In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, read with the first and second provisos to sub-section (1) and sub-section (2) of section 10 thereof, the Central Board of Revenue is pleased to direct that the following further amendments shall be made in the Sales Tax Refund Rules, 2002, namely:- In the aforesaid Rules, in rule 7, for sub-rule (2) the following shall be substituted, namely:- “(2) In case of manufacturer-cum-exporter,- (a) whose exports of same-state goods do not exceed twenty per cent of his total exports in preceding twelve tax periods, refund shall be sanctioned to the extent of admissible input tax consumed or to be consumed for the making of taxable supplies, within one month of the submission of supportive documents; (b) whose exports of same-state goods exceed twenty per cent of his total exports in preceding twelve tax periods, refund shall be sanctioned to the extent of admissible input tax consumed or to be consumed for the making of taxable supplies, within one month of the submission of supportive documents; and (c) who makes zero-rated supplies as well as domestic taxable supplies, may deduct the amount of tax payable on the domestic supplies from the amount of refund due and claim refund only for the balance amount, if any”. 2. This notification shall come into force on the 1st October, 2004. ______________________________________________________________________ [C.No.3(12)STL&P/2002] (Aamer Amin Bhatti) Secretary (ST-L&P)