S.R.O. 1295(I) /2008, Islamabad the 24th December, 2008

SROS: S.R.O. 1295(I) /2008, Islamabad the 24th December, 2008 THE REPAYMENT OF SALES TAX TO PERSONS REGISTERED IN AZAD JAMMU AND KASHMIR RULES, 2008. S.R.O. 1295(1)/2008, Islamabad the 24th December, 2008:- In exercise of the powers conferred by sections 50 and 61A of the Sales Tax Act, 1990 the Federal Board of Revenue is pleased to make the following rules, namely:- THE REPAYMENT OF SALES TAX TO PERSONS REGISTERED IN AZAD JAMMU AND KASHMIR RULES, 2008 1. Short title, application and commencement.- These Rules may be called the Repayment of Sales Tax to Persons Registered in Azad Jammu and Kashmir Rules, 2008 (2) The shall be applicable to such persons or class of persons who are registered under the Sales Tax Act, 1990, as adapted in Azad Jammu and Kashmir, hereinafter referred to as AJK registered persons, for the purpose of repayment of sales tax as envisaged in section 61A of the Sales Tax A ct, 1990. (3) They shall come into force at once. 2. Authorization for repayment of sales tax.- The AJK registered persons shall be entitled to receive repayment of input tax paid on any goods acquired in or imported into Pakistan as in excess of output tax declared in their respective monthly returns, provided such input tax relates to their supplies which are either zero-rated or are exported outside Pakistan against a Pakistan Customs Goods 3. Manner of Payment.-(1) The AJK registered persons shall claim refund of excess input tax in their monthly sales tax returns. Such refund claim may include input sales tax paid in Azad Jammu and Kashmir. (2) The officer authorized by Collector, Sales Tax and Federal Excise, Mirpur, Azad Jammu and Kashmir, hereinafter referred to as AJK Collector, shall process such refund claims and determine the amount which is admissible as repayment under rule.2. (3) Such officer shall prepare a list of invoices and import Goods Declarations, originating from Pakistan, for which input tax has been claimed. He shall also determined the amount of repayment in respect of each claimant. The repayment so determined shall not exceed the excess of input tax over output tax as declared by that claimant in the relevant tax period. (4) The total…