C.No.l(33)STP/93(Pt-III), Dated 14th October, 2000.

I am directed to refer to your letter No.Ref.C-42/2000-2001/223 dated 9.10.12000 on the subject cited above and to clarify that an example of calculations of sales tax payable on the stocks declared under SRO.614(I)/2000 dated 2.9.2000 is as follows:- Value of taxable supply from declared stock Rs. 100,000/- 10% minimum value addition (profit) Rs. 10,000/- Sales tax @ 15% on value addition (profit) Rs. 1,500/- Total value of the supply Rs. 1,11,500/- Therefore, although the value of stock is Rs. 1,11,500/- yet under SRO.614 (I)/ 2000 dated 2.9.2000, the registered person will be required to pay…