S.R.O. 551(I)/96, Islamabad, the 1st July,1996

SROS: S.R.O. 551(I)/96, Islamabad, the 1st July,1996 FILLING OF MONTHLY RETURN RULES, 1996 S.R.O. 551(I)/96, Islamabad, the 1st July,1996:- In exercise of the powers conferred by section 50 of the Sales Tax Act,1990, read with section 26 thereof, the Central Board of Revenue is pleased to make the following rules, namely.- 1. Short title, application and commencement .-(1) These Rules may be called Filing of Monthly Return Rules, 1996. (2) These shall apply to all registered persons who are required to file tax return under section 26 of the Sales Tax Act, 1990. (3) These shall come into force on and from the first day of July, 1996. 2. Definitions.- In these Rules, unless there is anything repugnant to the subject on context,- (i) Act means the Sales Tax Act, 1990; (ii) Agreement means the agreement executed between the Central Board of Revenue and the Bank for the purposes of payment of tax and submission of tax returns; (iii) Bank means the designated branches of National Bank of Pakistan; (iv) return means the sales tax return-cum-payment challan in the form as at Annex-A; and (v) nil return means the return indicating that no sales tax is payable by the registered person in respect of the tax period to which the tax return relates. 3. All other terms and expressions used but not defined in these rules shall have the same meaning as are assigned to them under the Act. 4. Filing of Returns.-(1) Every registered person shall file the return, in triplicate, in accordance with the instructions printed on its reverse in the Bank located in the jurisdiction of the Collectorate where he is registered: Provided that a registered person specified in Notification No. S.R.O. 350(I)/2002,dated the 15th June, 2002, shall at the time of filing his return, legibly and conspicuously indicate the expression LTU on the top right corner of the return. (2) The registered person shall deposit the amount of sales tax indicated as sales tax payable in the return at the time of filing of return in the Bank. (3) In case no amount of sales tax is payable by the registered person, he shall file Nil return in the Bank without depositing any amount. (4) Without prejudice to the other…