Waiver of default surcharge and penalty in cases of illegally adjusted input tax and Rescinding of SRO 563(I)/2012 dated 25-05-2012
SRO 606(I)/2012 is a Sales Tax SRO dated 1 June 2012, listed by FBR as "Waiver of default surcharge and penalty in cases of illegally adjusted input tax and Rescinding of SRO 563(I)/2012 dated 25-05-2012".
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
Ministry of Finance, Economic Affairs,
Statistics and Revenue
(Revenue Division)
Islamabad, the 1st June, 2012.
NOTIFICATION
(SALES TAX)
S.R.O. 606 (I)/2012. - In exercise of the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal Government, in supersession of its Notification No. S.R.O. 563(I)/2012, dated the 25th May, 2012, is pleased to exempt the whole amount of default surcharge and penalties payable by a person against whom an amount of sales tax is outstanding on account of illegally adjusted input tax, subject to the following conditions:-
(i) whole of the principal amount of illegally adjusted sales tax is paid by the 25th June, 2012; and
(ii) any case, complaint or proceedings filed by the registered person before any court of law, Federal Tax Ombudsman or any other authority is withdrawn by the said date.
- Any criminal proceedings lodged by the department shall abate from the date of complying with the above conditions by the registered person.
[C.No. 4(21)ITP/2011-Pt.II]
(Shahid Hussain Asad)
Additional Secretary
Which SROs does the title refer to?
- SRO 563(I)/201228 May 2012SRO563(I)/2012
Which later SROs refer to this one?
SROs whose FBR title names SRO 606(I)/2012, usually to amend or rescind it.
- SRO 768(I)/201225 June 2012In SRO No. 768(I)/2012 extension of date upto 30.06.2012 in its SRO 606(I)/2012 dated 01.06.2012
Related Sales Tax SROs on exemptions and concessions
- SRO 220(I)/201319 March 2013To rationalize the zero-rating regime under SRO 1125(I)/2011, dated 31.12.2011 which was earlier modified vide SRO 154(I)/2013, dated 28.02.2013
- 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 548(I)/201222 May 2012Exemption 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 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.