S.R.O. 308(I)/2000, Islamabad, the 06th June, 2000

SROS: S.R.O. 308(I)/2000, Islamabad, the 06th June, 2000 EXEMPTION FROM ADDITIONAL TAX AND PENALTIES SUBJECT TO CERTAIN CONDITIONS S.R.O. 308(I)/2000, Islamabad, the 06th June, 2000:- In exercise of the powers conferred under section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt so much of additional tax chargeable under section 34 as is in excess of the simple rate of one and a half per cent per month and penalties as are in excess of fifty per cent of the amounts or rates of penalties chargeable under section 33 of the said Act due on such principal amount of sales tax as has accrued or has been assessed, determined, adjudged or demanded in any manner or is outstanding on any account or for any reason on or before the date of issue of this notification if such principal amount is paid by a registered person alongwith…