S.R.O. 445(I)/2004, Islamabad, the 12th June, 2004

SROS: S.R.O. 445(I)/2004, Islamabad, the 12th June, 2004 CERTAIN TYPES OF TRANSACTIONS SHALL NOT CONSTITUTE SUPPLY Notification No. S.R.O. 445(I)/2004, dated 12th June, 2004.”In exercise of the powers conferred by the proviso to clause (33) of section 2 of the Sales Tax Act, 1990, the Federal Government is pleased to specify that the following types of transactions shall not constitute supply, namely:-- (a) forward transactions of commodities at the National Commodity Exchange Limited; and (b) goods delivered under a Murabaha 1[, Musawamah, Bai…