Amendment to SRO 1125(I)/2011 dated 31.12.2011 - sales tax on export-oriented sectors
SRO 491(I)/2016 is a Sales Tax SRO dated 30 June 2016, listed by FBR as "Amendment to SRO 1125(I)/2011 dated 31.12.2011 - sales tax on export-oriented sectors".
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.
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GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS, STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 30th June, 2016
NOTIFICATION
(Sales Tax)
S.R.O. 491(I)/2016.-- In exercise of the powers conferred by sub-section (1), clause (b) of sub-section (2) and sub-section (6) of section 3 and clauses (c) and (d) of section 4 read with clause (b) of sub-section (1) of section 8 and section 71 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendments shall be made in its Notification No. S.R.O. 1125(I)/2011, dated the 31st December, 2011, namely:-
In the said Notification, -
(i) in Table-I, against S. No. 2 in column (1), in column (3), for the phrase "and 60", the phrase "60, 6306.1210 and 6306.1910" shall be substituted;
(ii) for Table-II, the following shall be substituted, namely:-
"TABLE-II
| S. No. | Description of goods and point of taxation | PCT Heading No. | Rate of Sales Tax |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Goods usable as industrial inputs, specified in Table I, including fabric | As specified in column (3) of Table-I | |
| (i) Import for in-house consumption by registered manufacturers of the five sectors mentioned in condition (i) below | 0% | ||
| (ii) Commercial imports | 0%, plus 0% |
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| S. No. | Description of goods and point of taxation | PCT Heading No. | Rate of Sales Tax |
|---|---|---|---|
| value addition tax | |||
| (iii) Supplies to registered or unregistered persons of the said five sectors, excluding supplies of finished fabric | 0% | ||
| (iv) Supplies to persons outside the said five sectors | 17% | ||
| (v) Import by, or supply to, registered manufacturers, whether or not of the said five sectors, for the manufacture of goods specified in Table-I or Table-II | 0% | ||
| (vi) Supplies of finished fabric to manufacturers of five sectors specified in condition (i) below | 0% | ||
| (vii) Supplies of finished fabric to and by retailers; supplies of finished fabric to end consumers; other supplies of finished fabric | 5% | ||
| 2. | Processed goods, including fabrics Processing of goods owned by other persons, by registered manufacturers of the five sectors mentioned in condition (i) below. | Respective headings | 0% of the processing charges |
| 3. | Locally manufactured finished articles of (a) textiles and textile made-ups. (b) leather and artificial leather Supplies to any person, including retail sales | Respective headings | 5% |
| 4. | Imported finished goods of five sectors mentioned in condition (i) below, ready for use by the general public | Respective headings | |
| (i) Import | 17%, plus 2% value addition tax | ||
| (ii) Supply thereof | 17%"; |
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(iii) for condition (x), the following shall be substituted, namely:-
"(x) a registered person who has consumed inputs acquired on payment of sales tax, shall be entitled to input tax adjustment, subject to the relevant provisions of the Sales Tax Act, 1990 and Rules made thereunder:
Provided that no input tax credit or refund shall be admissible on the packing material of all sorts:
Provided further that the post-refund audit and scrutiny shall be conducted and finalized in the manner as provided in the Sales Tax Rules, 2006.";
(iv) in condition (xi), the word "and" at the end shall be omitted; and
(v) in condition (xii), for the full stop at the end, a semi-colon and word "; and" shall be substituted, and thereafter, the following new condition shall be added, namely:-
"(xiii) supply of furnace oil, diesel oil and coal to the registered manufacturers of the five sectors specified in condition (i), shall be charged at the rate of zero percent subject to the issuance of a general order by the Board.".
- This notification shall take effect on and from the 1st July, 2016.
[No. 3(1)ST&FE/LP&E/2015]
(Dr. Muhammad Irshad)
Additional Secretary
Which SROs does the title refer to?
- SRO 1125(I)/201131 December 2011The scheme of zero-rating of five major export oriented sectors has been revamped to introduce a uniform rate (reduce sales tax @ 5 % instead of earlier rate of 4 % and 6%). This SRO will take effect from 1st January, 2012. This SRO is being issued in rescission of SRO 1058(I)/2011, dated 23-11-2011.
Related Sales Tax SROs on amendments to earlier sros
- SRO 36(I)/201723 January 2017Amendment in S.R.O 1125(I)/2011, dated the 31st December,2011
- SRO 925(I)/201630 September 2016Amendment in Notification No. S.R.O 57(I)/2016 dated the 29th January , 2016
- SRO 852(I)/201619 September 2016Amendment in Notification No S.R.O 116(I)/2015 dated 9th February, 2015
- SRO 721(I)/20168 August 2016Amendment in Notification No. S.R.O 499(I)/2016 dated 27th July,2016
- SRO 489(I)/201630 June 2016Rescind S.R.O 115(I)/2008 and S.R.O 212(I)/2014
- SRO 487(I)/201630 June 2016Amendment in S.R.O 648(I)/2013 dated 9th July, 2013