Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Saturday, December 13, 2014
Sales Tax Rules 2006 CHAPTER- I REGISTRATION, COMPULSORY REGISTRATION AND DE-REGISTRATION
Sales Tax Rules 2006
CHAPTER- I
REGISTRATION,
COMPULSORY REGISTRATION AND DE-REGISTRATION
3. Application. — The provisions
of this Chapter shall apply to the following persons, namely:--
(a)
a person required to be registered under the Act;
(b)
a person required, under any other Federal law or Provincial law, to be
registered for the purpose of any duty or tax collected or paid as if it were
sales tax under the Act;
(c)
a person who is subject to compulsory registration;
(d)
a person who is already registered and requires a change in the name, address
or other particulars of registration;
(e)
a person who is blacklisted or whose registration is suspended; and
(f)
a person who is required to be de-registered.
4. Requirement
of registration.— The
following persons engaged in making of taxable supplies in Pakistan (including
zero-rated supplies) in the course or furtherance of any taxable activity
carried on by them, if not already registered, are required to be registered in
the manner specified in this Chapter, namely:--
17[(a) a
manufacturer not being a cottage industry;]
(b)
a retailer whose value of supplies, in any period during the last twelve months
exceeds five million rupees;
(c)
an importer;
(d)
a wholesaler (including dealer) and distributor; 18[* * *]
(e)
a person required, under any other Federal law or Provincial law, to be
registered for the purpose of any duty or tax collected or paid as if it were a
levy of sales tax to be collected under the Act 19[; and]
20[(f) a
commercial exporter, who intends to obtain sales tax refund against his
zero-rated supplies.]
17 Clause (a)
Substituted by Notification No. S.R.O. 530(1) /2008 dated 11th June, 2008
w.e.f. 1st July 2008, reported as PTCL 2008 St.1882
18 The words “and”
omitted by Notification No.S.R.O 470(1)/2007 dated 9th June,2007 w.e.f .1st day
of July,2007,reported as PTCL 2007 St.1726.
19 Substituted for
the full stop by Notification No.S.R.O 470(1)/2007 dated 9th June,2007 w.e.f
.1st day of July,2007,reported
as PTCL 2007
st.1726.
20 Clause (f) added
by Notification No. S.R.O 470(1)/2007, dated 9th June, 2007 w.e.f Ist day of
July, 2007 reported as PTCL
2007 st.1726.
Sales Tax Rules 2006
5. Application
for registration.—
(1)
A person required to be registered under the Act shall, before making any
taxable supplies, apply to the CRO, through electronic means as provided by the
Board or otherwise, through owner, member or director, as the case may be. Such
application shall be made in the Form STR-l, as annexed to these rules,
transmitted to the CRO electronically or through registered mail or courier
service. Such application will specify the Collectorate in whose jurisdiction
the registration is sought, as per criteria given below, namely:--
(a)
in case of a corporate person, that is, a listed public limited company or an unlisted
public limited company or a private limited company, the area where the
registered office is located;
(b)
in case of a person not incorporated, the area where the business is actually carried
on; and
(c)
in case of a person not incorporated, having a single manufacturing unit, whose
business premises and manufacturing unit are located in different areas, shall
apply for registration in the Collectorate of the area in whose jurisdiction
his manufacturing unit is located:
Provided
further that a corporate person shall have the option to apply for transfer of
registration to the Collectorate having jurisdiction where the place of
business is located.
(2)
Where an applicant has unsold or un-used stocks of tax-paid Inputs on which he
desires to claim the benefit of section 59 of the Act, he shall declare such
stocks in a statement in the Form set out as STR-4, to be appended with his
application for registration.
21[(2a) CRO may
cause further inquiry from the applicant through LRO or otherwise including issuance
of Objection Slip.]
(3)
On completion of such verification or inquiry, through LRO or otherwise, as the
CRO deems necessary, it may register the applicant and issue a certificate of
registration containing the registration number of the applicant in the Form as
set out in the Form STR-5, or reject the application within fifteen days from
the date complete application is received in the CRO, under intimation to the
applicant, specifying the reasons for such rejection.
22[(4) A person
who has applied for registration as manufacturer shall be registered after LRO has
verified his manufacturing facility
21 Sub _rule (2a)
inserted by Notification No.S.R.O.429(1)/2009,dated 2nd June,2009
22 Sub-rules (4)
&(5)added by Notification No.S.R.O.530(1)2008,dated 11th June,2008, w.e.f.
1st July reported as PTCL 2008 st.1882.
Sales Tax Rules
2006
14
(5)
In no case, a person required to be registered under the Act shall be issued
more than one registration number.] rule
The Sales Tax Act, 1990 for sales tax registration sec.14 & 59
The Sales Tax Act, 1990
3. Scope
of tax.—
(1) Subject to the
provisions of this Act, there shall be charged, levied and paid a tax known as
sales tax at the rate of 1sixteen per cent of the value of--
(a) Taxable supplies made by a
registered person in the course or furtherance of any taxable activity carried
on by him; and
(b) Goods imported into Pakistan.
14.
Registration. –
Under this Act,
registration will be required for such persons and be regulated in such manner
and subject to rules as the Board may, by notification in the official Gazette,
prescribe.
59. Tax paid on stocks acquired before
registration.—
The tax paid on goods purchased by a person
who is subsequently required to be registered under section 14 due to new
liabilities or levies or gets voluntary registration under this Act or the
rules made thereunder, shall be treated as input tax, provided that such goods
were purchased by him from a registered person against an invoice issued under
section 23 during a period of thirty days before making an application for
registration and constitute his verifiable unsold stock on the date of
compulsory registration or on the date of application for registration or for
voluntary registration:
Provided
that where a person imports goods, the tax paid by him thereon during a period
of ninety days before making an application for registration shall be treated
as an input tax subject to the condition that he holds the bill of entry
relating to such goods and also that these are verifiable unsold or un-consumed
stocks on the date of compulsory registration or on the date of application for
registration or for voluntary registration.
Friday, December 12, 2014
THE SALES TAX RULES 2006
THE
SALES TAX
RULES 2006
Updated By
Mr. Hamid Hussain
Joint Director
Sales Tax & Federal Excise Wing
Federal Board of Revenue
Islamabad.
Phone No. 051-9205360
May not be use as a reference in courts
Sales Tax Rules 2006
1
THE SALES TAX RULES, 2006................................................................................................................6
1. Short title, application and commencement. .............................................................................6
2. Definitions.....................................................................................................................................6
CHAPTER- I ..............................................................................................................................................12
REGISTRATION, COMPULSORY REGISTRATION AND DE-REGISTRATION.......................12
3. Application..................................................................................................................................12
4. Requirement of registration......................................................................................................12
SALES TAX
RULES 2006
Updated By
Mr. Hamid Hussain
Joint Director
Sales Tax & Federal Excise Wing
Federal Board of Revenue
Islamabad.
Phone No. 051-9205360
May not be use as a reference in courts
Sales Tax Rules 2006
1
THE SALES TAX RULES, 2006................................................................................................................6
1. Short title, application and commencement. .............................................................................6
2. Definitions.....................................................................................................................................6
CHAPTER- I ..............................................................................................................................................12
REGISTRATION, COMPULSORY REGISTRATION AND DE-REGISTRATION.......................12
3. Application..................................................................................................................................12
4. Requirement of registration......................................................................................................12
The Sales Tax Act, 1990 (Act No. III of 1951 as Amended by Act VII of 1990)
The Sales Tax Act, 1990
(Act No. III of 1951 as Amended by Act VII of 1990)
The Sales Tax Act, 1990
1
INDEX
Chapter I ................................................................................................................. 8
PRELIMINARY ............................................................................................... 8
1. Short title, extent and commencement.- .................................................... 8
2. Definitions.― ................................................................................................. 8
Chapter-II ............................................................................................................. 22
SCOPE AND PAYMENT OF TAX .................................................... 22
3. Scope of tax.— ............................................................................................ 22
4. Zero rating.— .............................................................................................. 26
5. Change in the rate of tax.— ...................................................................... 27
6. Time and manner of payment.― ............................................................... 27
7. Determination of tax liability.― ................................................................ 28
[7A. Levy and collection of tax on specified goods on value addition.—
29
[8. Tax credit not allowed.— .......................................................................... 30
[8A. Joint and several liability of registered persons in supply chain where
tax unpaid.– .......................................................................................................... 32
[8B. Adjustable input tax.– ........................................................................... 32
9. Debit and credit note.— ............................................................................ 33
[10. Refund of input tax.— ............................................................................. 33
[11. Assessment of tax and recovery of tax not levied or short-levied or
erroneously refunded.― ...................................................................................... 35
[11A. Short paid amounts recoverable without notice.– ............................. 36
[13. Exemption.― ............................................................................................. 37
The Sales Tax Act, 1990
2
Chapter-III ............................................................................................................ 38
(Act No. III of 1951 as Amended by Act VII of 1990)
The Sales Tax Act, 1990
1
INDEX
Chapter I ................................................................................................................. 8
PRELIMINARY ............................................................................................... 8
1. Short title, extent and commencement.- .................................................... 8
2. Definitions.― ................................................................................................. 8
Chapter-II ............................................................................................................. 22
SCOPE AND PAYMENT OF TAX .................................................... 22
3. Scope of tax.— ............................................................................................ 22
4. Zero rating.— .............................................................................................. 26
5. Change in the rate of tax.— ...................................................................... 27
6. Time and manner of payment.― ............................................................... 27
7. Determination of tax liability.― ................................................................ 28
[7A. Levy and collection of tax on specified goods on value addition.—
29
[8. Tax credit not allowed.— .......................................................................... 30
[8A. Joint and several liability of registered persons in supply chain where
tax unpaid.– .......................................................................................................... 32
[8B. Adjustable input tax.– ........................................................................... 32
9. Debit and credit note.— ............................................................................ 33
[10. Refund of input tax.— ............................................................................. 33
[11. Assessment of tax and recovery of tax not levied or short-levied or
erroneously refunded.― ...................................................................................... 35
[11A. Short paid amounts recoverable without notice.– ............................. 36
[13. Exemption.― ............................................................................................. 37
The Sales Tax Act, 1990
2
Chapter-III ............................................................................................................ 38
Thursday, December 4, 2014
http://www.arydigital.tv/videos/category/jeeto-pakistan/
http://www.arydigital.tv/videos/category/jeeto-pakistan/
http://www.arydigital.tv/videos/jeeto-pakistan-5th-september-2014-2/
Thursday, October 9, 2014
Pakistan State Oil joins club of world's largest public companies
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Tuesday, October 7, 2014
Friday, September 26, 2014
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Tuesday, September 23, 2014
PSO ONLINE ORDER MANAGEMENT SYSTEM (OOMS)
MAKE
PSO ONLINE ORDER MANAGEMENT SYSTEM (OOMS)
& ENJOY IN YOUR HOME WITHOUT EXPANCES.
CALL FOR FREE HELP
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Monday, September 22, 2014
HBL = OOMS = PSO
________________________ ________________________________
Signature of Account Holder Signature & Account Verified by HBL
Date:
HBL Branch Code
HBL Branch Name
Account Holder’s A/C No. (14
Digit)
Account Holder’s Account Title
CNIC No. of Account Holder
I/We, _______________________________ do hereby order and authorize Habib Bank Limited
(HBL) to debit my/our above mentioned bank account on periodic basis for payments to
Pakistan State Oil Company Ltd. (PSO), without reference to me/us, as per details mentioned
below, pursuant to Instructions received from PSO from time to time in the form of Electronic
Advice through secured channel, as agreed upon between PSO and HBL.
Signature of Account Holder Signature & Account Verified by HBL
Date:
HBL Branch Code
HBL Branch Name
Account Holder’s A/C No. (14
Digit)
Account Holder’s Account Title
CNIC No. of Account Holder
I/We, _______________________________ do hereby order and authorize Habib Bank Limited
(HBL) to debit my/our above mentioned bank account on periodic basis for payments to
Pakistan State Oil Company Ltd. (PSO), without reference to me/us, as per details mentioned
below, pursuant to Instructions received from PSO from time to time in the form of Electronic
Advice through secured channel, as agreed upon between PSO and HBL.
United Bank Limited = OOMS =PSO
Dated:
1. The
Divisional Head
Cash
Management Division
United
Bank Limited
Karachi
2. The
Manager
Mirpur
Mathelo Branch
United
Bank Limited
Branch
Code: _____
Ref: My / our account number _____________________with the
above-mentioned branch
.
Dear Sir,
Saturday, September 13, 2014
Friday, September 12, 2014
Tuesday, September 2, 2014
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