Exemption has been granted to whole of the amount of default surcharge and penalty for non payment of an amount of Sales Tax or Federal Excise duty outstanding on account of any audit observation, audit report, show cause notice or any adjudication order or who has failed to pay any amount of tax credit, adjustment, refund, drawback or rebate due to any reason , subject to the condition that the outstanding principal amount of Sales Tax or Federal Excise duty is paid by the 31st May, 2012.
SRO 548(I)/2012 is a Sales Tax SRO dated 22 May 2012, listed by FBR as "Exemption has been granted to whole of the amount of default surcharge and penalty for non payment of an amount of Sales Tax or Federal Excise duty outstanding on account of any audit observation, audit report, show cause notice or any adjudication order or who has failed to pay any amount of tax credit, adjustment, refund, drawback or rebate due to any reason , subject to the condition that the outstanding principal amount of Sales Tax or Federal Excise duty is paid by the 31st May, 2012.".
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 22nd May, 2012.
NOTIFICATION
(Sales Tax and Federal Excise)
S.R.O. 548 (I)/2012. - In exercise of the powers conferred by section 34A of the Sales Tax Act, 1990 and sub-section (4) of section 16 of the Federal Excise Act, 2005, the Federal Government is pleased to exempt whole of the amount of default surcharge and penalty for non-payment payable by a person against whom an amount of sales tax or federal excise duty is outstanding on account of any audit observation, audit report, show cause notice or any adjudication order, or who has failed to pay any amount of sales tax or federal excise duty or claimed inadmissible input tax credit, adjustment, refund, drawback or rebate due to any reason, subject to the condition that the outstanding principal amount of sales tax or federal excise duty is paid by the 31st May, 2012:
Provided that where refund becomes due to any person in consequence of a decision or judgment of court after the issuance of this Notification, the tax deposited by that person under this Notification shall be refunded to him.
- Benefit of this Notification shall not be available in cases of fraudulent refunds or drawback and other tax fraud.
[C.No. 4(21)ITP/2011]
(Shahid Hussain Asad)
Member (Inland Revenue)/
Additional Secretary
Which later SROs refer to this one?
SROs whose FBR title names SRO 548(I)/2012, usually to amend or rescind it.
- SRO 700(I)/20127 June 2012Extension in the date of applicability of SRO 548(I)/2012 dated 22/5/2012
Related Sales Tax SROs on exemptions and concessions
- SRO 179(I)/20137 March 2013The Federal Government is pleased to direct that all registered persons who have claimed zero-rating on supplies made by them in terms of SRO .....
- SRO 607(I)/20122 June 2012Exemption from Customs duty/sales tax/Income Tax on import of Hybrid Electric Vehicles (HEV)
- SRO 606(I)/20121 June 2012Waiver of default surcharge and penalty in cases of illegally adjusted input tax and Rescinding of SRO 563(I)/2012 dated 25-05-2012
- SRO 408(I)/201219 April 2012Exemption from whole of the sales tax chargeable on Blood Bag CPDA-1 with blood transfusion set pack in Aluminum foil with set.
- SRO 136(I)/201214 February 2012By this notification, in pursuance of ECC decision, SRO 190(I)/2002, dated 2nd April, 2002 has been amended to exclude all kinds of petroleum products whether imported or produced locally (except when there is a Government to Government contract done through oil marketing companies only) from the purview of zero-rating on export to Afghanistan and through Afghanistan to Central Asian Republics.
- SRO 727(I)/20111 August 2011Sales Tax exemption