[Reported as PTCL 1996 St. 1001]

Subject:- PAYMENT OF SALES TAX ON SUPPLY OF GINNED COTTON, AND SUBMISSION OF WEEKLY STATEMENT AND TAX RETURN BY THE GINNER.

The following procedure is specified as an alternative option for payment of sales tax on supply of ginned cotton, the submission of weekly statement and tax return by the ginner:--

1. Payment of tax.-(i) When a supply of ginned cotton is made by a ginner, sales tax chargeable thereon may be paid by the buyer by means of a pay order or certified cheque which shall be payable to the Government of Pakistan. The buyer shall deliver the pay order to the supply of ginned cotton.

(ii) The ginner shall deposit the pay order cheque so received by him from the buyer within 7 days of its receipt in the designated branch of National Bank under the relevant head of account.

2. Weekly statement.--The ginner shall furnish a statement in the prescribed form (Annex-A) to the local Sales Tax Office on every Saturday indicating receipt and deposit of such order/cheques and other particulars of the transactions carried out during the preceding week. The weekly statement shall be accompanied by the copies of treasury challans indicating the amount of tax deposited.

3. Submission of tax return.--The ginner shall file the tax return in the prescribed form for each month on or before the 20th of the following month under section 26 of the Act in the designated branch of National Bank of Pakistan. For the output tax deposited already, copies of deposit challans are to be annexed with the tax return as an evidence of payment of the entire amount of sales tax due under that return.

Name and address of the Ginner. Registration No.