S.R.O. 820(I)/97, Islamabad, the 23th September, 1997

SROS: S.R.O. 820(I)/97, Islamabad, the 23th September, 1997 AMENDMENT IN SPECIAL PROCEDURE GINNING INDUSTRY RULES, S.R.O. 820(I)/97, Islamabad, the 23th September, 1997:- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, read with section 71 thereof, the Central Board of Revenue is pleased to direct that the following amendments shall be made in the Special Procedure for Ginning Industry Rules, 1996:- In the aforesaid Rules,- (a) for rule 6 the following shall be substituted, namely:- 6. Payment of tax:-(1) Before taking delivery of the supply of cotton-seed of ginned cotton, the buyer shall deposit the tax due in the Government treasury and deliver the treasury challan to the ginner for the amount of sales tax due on that supply as indicated on the tax invoice. (2) Where the ginner makes delivery of cotton-seed of ginned cotton without receipt of treasury challan showing the deposit of tax on the quantity under supply, he shall be liable to pay the…