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Sales Tax Act, 1990
SRO'S Summary

SRO 462(1)/2007

The following shall be zero rated,
             Sewing machine of the household type
              Bicycles
              Exercise Books
              Writing, drawing and marking inks
              Trailers and semi trailers for the transport of goods.
              Uncooked poultry meet.

SRO 463(1)/2007

An amnesty scheme is being offered provided that on the payment of principal amount of sales tax by the June 30, 2007 the whole of default, surcharge and penalty will be exempted. 

SRO 464(1)/2007

The input tax on supply of electricity and gas to residential colonies of registered persons would not be allowed for calculation of tax liability under the Sales Tax Act, 1990.

SRO 465(1)/2007

Rules under Section 50 of Sales Tax Act 1990 for prescribing the refund procedure of persons registered in LTU.

SRO 466(1)/2007

Describe in detail the no. of items (85 items) related to food, paper, plastic and chemical industry shall be charged @ 20% whether to import or supply.

SRO 468(1)/2007

10% value addition at import stage for the commercial importers shall be withdrawn with immediate effect and they will be required to pay sales tax on supply of imported goods on the basis of actual value addition.

SRO 470(1)/2007

Further amendment in sales rules, 2006 effective from July 1, 2007 described in detail vide this SRO

SRO 471(1)/2007

Appointment of officers of Directorate-General of intelligence and Investigation.

SRO 480(1)/2007

Describes sales tax special procedure rules for the following,
              

    1. Special procedure for payment of sales tax by retailers
    2. Special procedure for collection and payment of sales tax on  

       electric Power

    1. Special procedure for collection and payment of sales tax on

       Natural Gas

    1. Special procedure for supp ly of sugar to trading corporation of Pakistan (tcp)
    2. Special procedure for persons providing or rendering services

       subject to Sales tax under the provincial laws

    1. Advertisements on television and radio
    2. Customs agents and ship-chandlers
    3. Special procedure for collection and payment of sales tax from the oil Marketing companies (sharing of  product)
    4. Special procedure for collection and payment of sales tax by   

                        Vehicle Dealers

    1. Special procedure for processing of refund claims filed by the

Persons Engaged in making zero-rated supply of ginned cotton

SRO 509(1)/2007

Describe in detail the no. of  items (141 items) related to lather, textile, sports, surgical, agricultural, pharmaceutical and chemical industry shall be treated as zero rated whether to import or supply.

© 2007, All Rights Reserved, RASG
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1
Definitions - Cottage Industry
2
Input tax
3
Output tax
4
Tax Fraud
5
Time of supply
6
Zero rating
7
Tax credit not allowed
8
Joint and several liability of registered persons in supply chain where tax unpaid
9
Adjustable input tax
10
Refund of input tax
11
Records
12
Tax Invoices
13
Retention of record and documents
14
Directorate of Post Clearance Audit
15
Power to arrest and prosecute
16
Power to call for information
17
Alternative dispute resolution
18
Recovery of arrears of tax
19
Computerized system
20
Federal Board of Revenue
21
SRO'S Summary
22
Sixth Schedule - Exemptions
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