Exclusion of Third Schedule items from purview of value addition tax under Twelfth Schedule
SRO 1321(I)/2019 is a Sales Tax SRO dated 8 November 2019, listed by FBR as "Exclusion of Third Schedule items from purview of value addition tax under Twelfth Schedule".
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
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 8th November, 2019.
NOTIFICATION
(SALES TAX)
S.R.O.1321 (I)/2019.- In exercise of the powers conferred by the proviso to sub-section (2) of section 7A of the Sales Tax Act, the Federal Government is pleased to direct that the following further amendments shall be made in the Twelfth Schedule to said Act, namely:-
In the Twelfth Schedule, under the heading "Procedure and Conditions", in clause (2),-
(a) in sub-clause (vii), the word "and" at the end shall be omitted; and
(b) in sub-clause (viii), for the full stop at the end, the expression "; and" shall be substituted and thereafter the following new sub-clause shall be added, namely:-
"(ix) the goods as specified in the Third Schedule on which tax is paid on retail price basis.".
[C. No. 1/2-STB/2019)]
(Dr. Hamid Ateeq Sarwar)
Additional Secretary
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