Text Box:  
Sales Tax Ready Reference
 
 
 
 For Detail Please click on this link: Information regarding copy products
159th update dated July 10, 2015
This update covers:-
-Finance Act, 2015;
-Sindh Finance Act, 2015;
-Punjab Finance Act, 2015;
-Provincial Sales Tax: SRB 3-4/4/2015, SRB 3-4/5/2015;
-SROs: 483(I)/2015 to 488(I)/2015, 491(I)/2015 to 494(I)/2015, 600(I)/2015; and
-General Orders: 85 & 103 to 108 of 2015. 
These are briefly explained as under:–
Part I –Sales Tax Act
1.      Amendments have been made in the following provisions by the Finance Act, 2015 dated June 30, 2015:-
Sections:
2(1), (1A), (5AB), (28), (33), (46A); 3(1A), (2); 6(1); 7(2), 8(1); 8A; 13(2), (3), (6), (7); 14; 21A; 25(3); 32A(1) to (6); 33(1); 40C(2), (3); 45A(1); 56A; 56B; 56C & 72D.
Schedules:
      5th Schedule, S.No. 6, 6A;
      6th Schedule, Table 1: (S.No. 19, 20, 28, 39, 56, 73 to 80, 105, 114, 117 to 129), Table 2 (S.No. 13, 14, 16, 17 to 21); Table 3 & Annexure;
      8th Schedule: Table 1 (S.No. 1, 3, 6, 7 to 31); Table 2; and
      9th Schedule.
Part II – Provincial Sales Tax
2.      On pages 7 to 10C, Islamabad Capital Territory (Tax on Services) Ordinance, 2001 has been amended by Finance Act, 2015 dated June 30, 2015.
3.      On pages 17 onwards, Sindh Sales Tax on Services Act, 2011 has been amended by Sindh Finance Act, 2015 dated July 10, 2015.
4.      On pages 91 onwards, Sindh Sales Tax on Services Rules, 2011 has been amended by No. SRB-3-4/5/2015 dated July 01, 2015.
5.      On pages 129 onwards, Sindh Sales Tax Special Procedure (Withholding) Rules, 2014 has been amended by No. SRB-3-4/4/2015 dated July 01, 2015.
6.      On pages 145 onwards, Punjab Sales Tax on Services Act, 2012 has been amended by Punjab Finance Act, 2015 dated June 26, 2015.
Part III – Notifications
7.      On page 6, SRO 532(I)/2008 dated June 11, 2008 has been superseded by SRO 491(I)/2015 dated June 30, 2015. This is re: Fixation of Value of local Coal at Rs. 1,000 pmt.
8.      On page 9, SRO 88(I)/2002 dated February 11, 2002 has been superseded by SRO 487(I)/2015 dated June 30, 2015. This is re: Fixation of period for payment of sales tax on petroleum products.
9.      On pages 9 and 10, SRO 488(I)/2015 dated June 30, 2015 has rescinded the following SROs, effective from 01 July 2015:-
         1. S.R.O. 208(I)/1998, dated the 31st March, 1998;
         2. S.R.O. 397(I)/2001, dated the 18th June, 2001;
         3. S.R.O. 77(I)/2004, dated the 28th January, 2004;
         4. S.R.O. 433(I)/2005, dated the 14th May, 2005;
         5. S.R.O. 69(I)/2006, dated the 28th January, 2006;
         6. S.R.O. 313(I)/2006, dated the 31st March, 2006;
         7. S.R.O. 657(I)/2013, dated the 11th July, 2013;
         8. S.R.O. 572(I)/2014, dated the 26th June, 2014;
10.     On page 14, SRO 383(I)/2015 dated April 30, 2015 has been amended by SRO 483(I)/2015 dated June 30, 2015. This is re: Petroleum rates.
11.     On page 15, SRO 600(I)/2015 dated June 25, 2015 has been reproduced. This is re: Sales Tax on supply of electrical energy.
12.     On page 30B, SRO 647(I)/2007 dated June 27, 2007 has been amended by SRO 492(I)/2015 dated June 30, 2015. This is re: Exclusions, adjustment of input tax upto 90% of output tax.
Part IV – Exemption Notifications
13.     On page 8, SRO 460(I)/2013 dated May 30, 2013 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: Sales Tax on mobile telephones.
14.     On page 17, SRO 1007(I)/2005 dated September 26, 2005 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: Supply and import of poultry and cattle feed ingredients.
15.     On page 24, SRO 76(I)/2008 dated January 20, 2008 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: Exemption to small marble and granite units with electricity bill of more than Rs. 600,000/-.
16.     On page 30, SRO 863(I)/2008 dated August 20, 2008 has been rescinded by SRO 493(I)/2015 dated June 30, 2015. This is re: Special return u/s 27 for production and supplies.
17.     On page 32, SRO 880(I)/2007 dated September 01, 2007 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: Exemption to diagnostic kits or equipments.
18.     On page 34, SRO 408(I)/2012 dated April 19, 2012 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: 100% Exemption of Sales Tax on import or supply of Blood Bag CPDA-1 with blood transfusion set pack.
19.     On page 34, SRO 760(I)/2012 dated June 22, 2012 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: 100% exemption for urine drainage bags on import or supply.
20.     On page 35, SRO 84(I)/2015 dated January 28, 2015 has been rescinded by SRO 488(I)/2015 dated June 30, 2015. This is re: Exemption for Pharmaceutical manufacturers.
Part V – Sales Tax Rules 2006
21.     On pages 01 onwards, Rules 2, 4, 5, 5A, 6 to 12B, 14, 26A, 33, 34, 36, 45 to 50, 57A, 57B, 150ZA to 150ZQ and STR-7, STR-21 & 22 have been amended by SRO 494(I)/2015 dated June 30, 2015.
Part VA – Special Procedure Rules 07
22.     On pages 25 onwards, Rules 54 to 58, 58F, 58H, 58Ha, 58I, 58K, 58R & 58RA, 58T and 58X have been amended by SRO 484(I)/2015 dated June 30, 2015. These are re: Steel Melters, Re-Rollers, Ship Breakers & Ginned Cotton etc.
23.     On pages 45 onwards, Special Procedure (Withholding Rules) has been amended by SRO 485(I)/2015 dated June 30, 2015.
Part VI – General Orders
24.     On page 270, General Order No. 85 of 2015 dated June 09, 2015 has been reproduced. This is re: Supply of Electricity & Gas.
25.     On pages 270 onwards, General Order Nos. 103 to 105 of 2015 dated June 30 & July 01, 2015 have been reproduced. This is re: Supply of Electricity & Gas.
26.     On page 271, General Order No. 106 of 2015 dated July 03, 2015 has been reproduced. This amends STGO No. 03 of 2004.
27.     On page 271, General Order No. 107of 2015 dated July 03, 2015 has been reproduced. This rescinds STGOs 34 of 2010 & 04 of 2013.
28.     On page 272, General Order No. 108 of 2015 dated July 07, 2015 has been reproduced. This is re: Supply of Electricity.
Part IX – Budget Instructions
29.     On page 377, Finance Act, 2015, relevant extract, has been reproduced.
Part X – Federal Excise Act, 2005
30.     On pages 7 onwards, Federal Excise Act, 2005 has been amended by Finance Act, 2015.