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
SRO 898(I)2013 is a Sales Tax SRO dated 4 October 2013, listed by FBR as "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".
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 4th October, 2013.
NOTIFICATION
(SALES TAX)
S.R.O. 898(I)/2013.- In exercise of the powers conferred by clause (c) of section 4 read with clause (b) of sub-section (2) and sub-section (6) of section 3, 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 aforesaid Notification,-
(i) after condition (vii), the following new condition shall be inserted, namely:-
"(viia) notwithstanding anything contained in any other condition of this Notification, import and supplies of fabric shall be charged to sales tax at the rate of three per cent and value addition tax at the rate of two per cent shall be chargeable on commercial imports of fabrics,"; and
(ii) in condition (x), for the proviso, the following shall be substituted, namely:-
"Provided that refund against local supplies, if any, shall be admissible only subject to pre-refund audit and in case of value addition of less than ten percent subject to the condition that the registered persons furnishes a revolving bank guarantee valid for at least ninety days issued by a scheduled bank to the satisfaction of the Commissioner, Inland Revenue having jurisdiction, of an amount not less than the average monthly refund claim during last twelve months:
Provided further that the post-refund audit shall be conducted and finalized within a period of ninety days and certificate to the genuineness of the refund claim shall be issued for each and every claim by the Commissioner, Inland Revenue having jurisdiction,".
[C. No. 1/56-STB/2013]
(Shahid Hussain Asad)
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 788(I)/201314 September 2013The Federal Government is pleased to direct that the following amendment shall be made in its Notification No S.R.O. 648(I)/2013
- SRO 787(I)/201311 September 2013The Federal Government is pleased to direct that the following amendment shall be made in its Notification No S.R.O. 509(I)/2013
- SRO 740(i)201326 August 2013Federal Governament is pleased to direct that the following amendments shall be made in its Notification No.S.R.O. 460(i)/2013,dated the 30th may,2013
- SRO 682(I)/201326 July 2013Amendments in S.R.O 1125(I)/2011, Dated December 31,2011
- SRO 504(I)/201312 June 2013To exclude finish articles, goods and made-ups from the purview of SRO 1125(I)/2011, dated 31.12.2011.
- SRO 499(I)/201312 June 2013S.R.O 499(I)/2013 superseded S.R.O. 607(I)/2012, dated the 2nd June, 2012