Federal Government is pleased to exempt whole of the amount of default surcharge and penalties payable by a person…..
SRO 648(I)/2011 is a Sales Tax SRO dated 25 June 2011, listed by FBR as "Federal Government is pleased to exempt whole of the amount of default surcharge and penalties payable by a person…..".
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 25th June, 2011.
NOTIFICATION
(SALES TAX AND FEDERAL EXCISE)
S. R.O. 648 (I)/2011. - 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 penalties 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 30th June, 2011.
- Benefit of this notification shall not be available in cases of fraudulent refunds or drawback and other tax frauds.
[C.No.4(21)ITP/2011]
(Shahid Hussain Asad)
Additional Secretary
Related Sales Tax SROs on exemptions and concessions
- SRO 727(I)/20111 August 2011Sales Tax exemption
- SRO 369(I)/20117 May 2011Duties and Tax Exemption
- SRO 230(I)/201115 March 2011The facility of zero-rating on plant, machinery and equipment including parts thereof has been withdrawn by amending SRO 549(I)/2008
- SRO 229(I)/201115 March 2011Federal Government has withdrawn exemption of sales tax from fertilizers, pesticides and input tax on agricultural tractors..
- SRO 231(I)/201115 March 2011zero-rating on five major export oriented sectors (textiles, carpets, leather, sporting goods and surgical goods) has been restricted to registered manufacturers-cum-exporters and exporters for export purpose only
- SRO 163(I)/20112 March 2011Amendment in SRO No. 509(I)/2007, dated 09/06/2007 regarding zero-rating on five major export oriented sectors.