No. 1(7)DG (Retails)/2021/16714, dated 02-02-2021.

SROS: No. 1(7)DG (Retails)/2021/16714, dated 02-02-2021. INCLUSION OF 3RD SCHEDULE ITEMS IN MONTHLY SALES TAX RETURN SOFTW ARE ALLOWING EXCLUSION FROM PROVISION OF SECTION 8B OF THE SALES TAX ACT, 1990 READ WITH S.NO. 9 OF TABLE-1 OF SRO 1190(I)/2019 DATED 02-10-2019. GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE (INLAND REVENUE POLICY WING) ***** SUBJECT: INCLUSION OF 3RD SCHEDULE ITEMS IN MONTHLY SALES TAX RETURN SOFTW ARE ALLOWING EXCLUSION FROM PROVISION OF SECTION 8B OF THE SALES TAX ACT, 1990 READ WITH S.NO. 9 OF TABLE-1 OF SRO 1190(I)/2019 DATED 02-10-2019. I am directed to refer to the above subject and to say that serial No. 9 of SRO 1190(I)/2019 dated 02-10-2019 which excludes from applicability of Section 8B of the Sales Tax Act-1990 to those registered persons supplying goods covered under 3rd Schedule of the Act, provided the value of taxable supplies exceed 80% of all taxable supplies. Subsequently said SRO was partially amended vide SRO 344(I)/2020 dated 29-4-2020 which substituted the word "Retailers" with words "Tier-I Retailers" entitling them to adjustment of input tax to the extent of 95% of output tax only. 02. In the light of above referred SROs, Tier-I retailers…