S.R.B. 3-4/2/2012, Karachi dated 15th February, 2012

SROS: S.R.B. 3-4/2/2012, Karachi dated 15th February, 2012 Amendments in the Sindh Sales Tax on Services Rules, 2011 GOVERNMENT OF SINDH SINDH REVENUE BOARD Karachi dated 15th February, 2012 NOTIFICATION (Sindh Sales Tax on Services) S.R.B. 3-4/2/2012, Karachi dated 15th February, 2012:- In exercise of the powers conferred by section 72 of the Sindh Sales Tax on Services Act, 2011(Sindh Act No XII of 2011), read with sections 9, 13 and 75 thereof, the Sindh Revenue Board is pleased to direct that the following further amendments shall be made in the Sindh Sales Tax on Services Rules, 2011, namely:- In the said Rules, -- 1. in the preamble, for the word and figures section 13, the words, figures and comma sections 9, 13 and 75 shall be substituted; 2. in rule 2, in sub-rule(1), for definition in clause ix, the following shall be substituted, namely:- ix. Franchise means an authority given by a franchiser under which the franchisee is contractually or otherwise granted any right to produce, manufacture, sell or trade in or do any other business activity in respect of goods or to provide services or to undertake any process identified with franchiser against a fee or consideration including royalty or technical fee, whether or not a trade mark, service mark, trade name, logo, brand name or any such representation or symbol, as the case may be, is involved; 3. in rule 30, in the Annex, for the Table after the word RECONCILIATION, occurring for the second time, the following shall be substituted, namely:- Month Month Month Total 1 2 3 A Value of Liable to tax at 16 Services % Exemption from tax/Non-taxable Total B 16 % ST on non-exempt taxable services C Input tax for the month D Net Sales Tax(B - C) E Sales Tax withheld by the buyer/recipient of service as withholding agent F Sales Tax withheld by the return filer as withholding agent G Sales Tax Payable(D - E) + F} H ST Amount Paid I CPR No. date 4. in rule 32,- (a) for sub-rule(4), the following shall be substituted, namely:- (4) The amount of sales tax involved shall be deposited in the prescribed manner by the 15th day of the following month and the prescribed tax return shall be filed within three days from…