S.R.O. 82(I)/2011, dated 28th January, 2011

Notification No. S.R.O. 82(1)/2011, dated 28th January, 2011:- In exercise of the powers conferred under section 50 of the Sales Tax Act, 1990 read with sub-section(2) of section 8, sub-section(2) of section 22, section 26, sub-section(6) of section 47A, sections 48, SOA, 52, 52A and 66 thereof, the Federal Board of Revenue is pleased to direct following further amendments in Sales Tax Rules, 2006 namely,-In the aforesaid Rules, in Rule 26A,--(l) for sub-rule(6), the following shall be substituted, namely:--(6) Refund claims under this rule shall be processed by Risk Management System(RMS) of FBR IT system within two working days of electronic submission of refund claim in the RCPS format. The system will automatically clear the amount under no objection, Electronic advice will be issued to the CSTRO and the registered person about the refund amount cleared by the RMS for payment. The objections detected by the system will be communicated to the refund claimant and the concerned RTO/LTU for information. The refund claimant will have upto eight weeks, from the date of aforesaid communication by the system, to get these objections cleared. The system validation checks will be re-run…