S.R.O. 678(I)/2007, Islamabad, the 6th July, 2007

SROS: S.R.O. 678(I)/2007, Islamabad, the 6th July, 2007 IN SALES TAX SPECIAL PROCEDURES RULES, 2007, THE FOLLOWING FURTHER AMENDMENT SHALL BE MADE WHICH SHALL TAKE EFFECT ON THE 1ST DAY OF JULY, 2007 S.R.O. 678(I)/2007, Islamabad, the 6th July, 2007:- In exercise of the powers conferred by section 71 of the Sales Tax Act, 1990, read with clauses(9) and(46) of section 2, sections 3 and 4, sub-section (2) of section 6, section 7, section 7A, clause (b) of sub-section(1) of section 8, clause(a) of sub-section(2) of section 13, sub-sections (2A) and(3) of section 22, sections 23 and 60 thereof, the Federal Government is pleased to direct that in the Sales Tax Special Procedures Rules, 2007, the following further amendment shall be made which shall take effect on the 1st day of July, 2007, namely: In the aforesaid Rules, (1) In rule 3, (a) the brackets and figure(1) shall be omitted; and (b) in second proviso, for the full stop at the end, a colon shall be substituted and thereafter the following new proviso shall be added, namely:- Provided also that the provisions of section 73 of the Act shall not affect the admissibility of input tax adjustment where the wholesale-cum-retailer receives consideration in cash against the supplies made by him. (2) in rule 5, in the first proviso, for the full stop, at the end, a colon shall be substituted and thereafter the following, further proviso shall be added, namely: Provided further that the traders dealing in retail of mild steel products shall pay retail tax at the rates specified under sub-section (1) of section 3 of the Act on a value addition of not less than thirteen hundred and thirty rupees per metric ton. (3) in rule 35, for the figure 2, the figure 3 shall be substituted; (4) in Chapter VI, after rule 39, the following shall be added, namely:- PART.- 3 SERVICES PROVIDED BY STEVEDORES 39A. Tax liability of stevedores. (1) The persons registered as stevedores, shall charge and pay tax on the basis of volume of cargo loaded on or discharged from the vessel, as per rates specified in the Table below namely: TABLE S. No. Nature of cargo Rate of sales tax (1) Loading and discharge of laden containers at Karachi Port and…