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Qanoon Digest

In Supersession of its Notification SRO 647(I)|2007, dated 27-6-2007

SRO 1190(I)/2019Amendments to earlier SROs

SRO 1190(I)/2019 is a Sales Tax SRO dated 2 October 2019, listed by FBR as "In Supersession of its Notification SRO 647(I)|2007, dated 27-6-2007".

FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.

Page 1

GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE

Islamabad, the 2nd October, 2019.

NOTIFICATIION
(SALES TAX)

S.R.O. 1190(I)/2019.- In exercise of the powers conferred by the second proviso to sub-section (1) and sub-section (4) of section 8B of the Sales Tax Act, 1990, and in supersession of its Notification No. S.R.O. 647(I)/2007, dated the 27th June, 2007, the Federal Board of Revenue is pleased to direct, that,-

(a) The persons specified in column (2) of the Table-1 below shall be excluded from the purview of the said sub-section (1), namely:-

Table-1

S. No. Sectors
(1) (2)
1. Persons registered in electrical energy sector
2. Oil marketing companies and petroleum refineries
3. Fertilizers manufacturers
4. Persons making zero-rated supplies, including exports, provided that value of such supplies exceeds 50% of value of all taxable supplies in a tax period
5. Distributors
6. Gas distribution companies
7. Telecommunication services
8. Pakistan Steel, Bin Qasim, Karachi

Page 2

S. No. Sectors
9. Registered persons other than manufacturers, making supplies of items covered under the Third Schedule to the Sales Tax Act, 1990, on which sales tax has been paid by the manufacturer or importer on retail price, provided that value of such supplies exceeds 80% of value of all taxable supplies in a tax period
10. Commercial importers where value of imports subject to 3% value addition as prescribed in Twelfth Schedule to the Act exceeds 50% of value of all taxable purchases, including imports, in a tax period.

;

(b) the persons specified in column (2) of the Table-2 below may adjust input tax to the extent of ninety-five percent of the output tax for that tax period and the excess amount shall be carried forward to the next tax period, namely:-

Table-2

S. No. Sectors
(1) (2)
1. Retailers also importing goods in bulk and operating chains of stores.

; and

(c) the first proviso of sub-section (1) and sub-sections (2) and (3) of section 8B of the Sales Tax Act, 1990, shall apply, mutatis mutandis, to the input tax to be adjusted or carried forward as provided in clause (b).

[C. No. 1/2-STB/2019 (Pt-2)]

(Tauqeer Ahmed)
Secretary (ST&FE-Budget)

Which later SROs refer to this one?

SROs whose FBR title names SRO 1190(I)/2019, usually to amend or rescind it.

  • SRO 242(I)/202423 February 2024Amendment in S.RO. 1190(I)/2019, dated the 2nd October, 2019Amendments to earlier SROs
  • SRO 98(I)/202126 January 2021Amendment in S.R.O 1190(I)/2019Amendments to earlier SROs
  • SRO 36(I)/202021 January 2020Amendment in S.RO. 1190(I)/2019, dated the 2nd October, 2019Amendments to earlier SROs
  • SRO 1290(I)/201930 October 2019Exclusions from Section 8B under S.R.O 1190 (I)/2019 dated 2.10.2019Amendments to earlier SROs

Related Sales Tax SROs on amendments to earlier sros

All SROs on amendments to earlier sros

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