Islamabad the 15th March 2001
S.R.O. 168 (I)/2001--- In exercise of the power conferred by section 71 of the sales tax Act ,1990 the Federal Government is pleased to direct that following amendment shall be made in Special Procedure for Collection and Payment of sales tax (Electric Power) Rules 2000, namely:-
In the aforesaid Rules, in rule 4,in sub rule (3) for the full stop at the end a colon shall be substituted and thereafter the two following provisos shall be added namely:-
"Provided that in case WAPDA or KESC disputes in respect of any amount WAPDA or as the case may be KESC, shall issue a certificate showing such amount and the tax involved therein and such certificate shall be seemed to be a Credit Note for IPP for the purposes of section 9 of the Act and accounted for in the return for the tax period in which such Credit Note is issued:
Provided further that in case as IPP for the like reasons any amount from WAPDA or KESC in respect of supply made during any previous tax period tax on such amount shall be accounted for in the return for the period in which it is received".