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Islamabad,
the 2nd September, 2000.
(SALES TAX)
S.R.O. 615 (I)/2000.- In exercise of
the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal Government is pleased to exempt
so much of the additional tax chargeable under section 34 as is in excess of
the simple rate of one and a half per cent per month and penalties as are in
excess of fifty per cent of the amounts or rates of penalties chargeable under
section 33 of the said Act as it stood before the Finance Ordinance, 2000(XXI
of 2000), due on such principal amount of sales tax as has accrued or has been
assessed, determined, adjudged or demanded in any manner or is outstanding on
any account or for any reason on or before the 30th day of June,
2000, if such principal amount is paid by a registered person alongwith
additional tax and penalties as reduced by this notification on or before 30th
September, 2000.
2.
In cases where there are no arrears of principal amount of
sales tax and the arrears involve additional tax and penalty only, the benefit
of this notification shall be admissible if the amount of additional tax and
penalties payable under this notification as aforesaid is paid by a registered
person on or before the said date.
3.
The exemption under this
notification shall also be admissible in cases where proceedings under the said
Act were initiated on or before the 30th day of June, 2000.
4.
This notification shall not entitle
any registered person to refund of any tax, additional tax or penalty already
paid.
[C.No. 1(33)STP/93-Pt.II]
(Sarfraz Ahmad Khan)
Additional Secretary