Amendment in Sales Tax Special Procedure Rules, 2004

GOVERNMENT OF PAKISTAN MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE (REVENUE DIVISION) ***** Islamabad, the 18th October, 2004 NOTIFICATION (SALES TAX) S.R.O 859(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, section 26AA and 34A, and the first and second provisos to section 45 thereof, the Federal Government is pleased to direct that following further amendment shall be made in the Sales Tax Special Procedure Rules, 2004, namely:- In the aforesaid rules, in rule 19, after the first proviso and Example thereof the following second proviso shall be added, namely:- “Provided further that the minimum value addition from the retail sectors specified in column (2) shall be charged at the corresponding rates specified in column (3) of the Table below,- TABLE S.No. | Retail Sector | Value Addition (1) | (2) | (3) 1. | Motorcycles | 4% 2. | Rubber Tyres | 3% 3. | Mild Steel Products i.e. Steel Bars etc. | Rs 600/- PMT 4. | Electronic Goods of Domestic Use (Pakistan Origin) | 3% 5. | Flat Rolled Products of Chapter 72 including Tin Plate and Tin Free Steel | 3%.”. This notification shall take effect from the 1st July, 2004. ______________________________________________________________________________________________________________ [C.No.3(12)ST-L&P/2004] (Shahid Ahmad) Additional Secretary