S.R.O. 394(I)/2001, Islamabad, the 18th June, 2001

SROS: S.R.O. 394(I)/2001, Islamabad, the 18th June, 2001 EXEMPTION FROM SALES TAX SUBJECT TO SPECIFIED CONDITIONS S.R.O. 394(I)/2001, Islamabad, the 18th June, 2001:- In exercise of the powers conferred by clause(a) of sub-section(2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the whole amount of sales tax in excess of that liable to be paid at the rate of three hundred rupees per power loom on such textile weaving units who paid the amount for the financial years 1996-97 and 1997-98, subject to the following conditions, namely:- (i) Sales tax as per the agreed rate of three hundred rupees per power loom has been paid by the unit before the 30th June, 1998; (ii) the unit started working on the VAT mode of sales tax since the 1st July, 1998, or earlier, and thereafter is regularly paying sales tax and complying with the provisions of the Sales Tax Act, 1990, and rules made thereunder; (iii) the unit is not involved in any case of tax fraud; and (iv)…