S.R.O. 247(I)/2004, Islamabad, the 5th May, 2004

SROS: S.R.O. 247(I)/2004, Islamabad, the 5th May, 2004 EXEMPTION OF ADDITIONAL TAX AND PENALTY PAYABLE IN EXCESS OF THE AMOUNT S.R.O. 247(I)/2004, Islamabad, the 5th May, 2004:- In exercise of the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt the amount of additional tax and penalty payable in excess of the amount mentioned in column(3) of the Table below, by the categories of persons mentioned in column(2) thereof, subject to the following conditions, namely:- (a) the amount of tax payable is to be paid by the 30th June, 2004: Provided that in case the additional tax payable by a registered person exceeds the principal amount, the additional tax in excess of twenty five per cent of the principal amount and the whole of penalty shall be exempted, if the payment of outstanding principal amount and the additional tax as reduced by this notification is made on or before the 30th June, 2004: Provided further that in case only an amount of penalty is outstanding against a registered person, if he pays an amount equal to twenty-five per cent of the such amount by the 30th June, 2004, the remaining amount of penalty shall be exempted. and (b) this notification shall not entitle any person to claim or take refund of any amount of sales tax already paid by or recovered from him. ___________________________________________________________________________________ TABLE ___________________________________________________________________________________ Sr. No. Category of person Amount payable ___________________________________________________________________________________ (1) (2) (3) ___________________________________________________________________________________ 1.…