GOVERNMENT
OF PAKISTAN
MINISTRY
OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS
AND REVENUE
(REVENUE
DIVISION)
*****
Islamabad,
the 18th June, 2001.
S.R.O. 396(I)/2001.- In exercise of
the powers conferred by section 34A of the Sales Tax Act, 1990, the Federal
Government is pleased to exempt payment of the whole amount of penalty
chargeable under section 33 thereof, for any of the tax periods of the financial
years 2000-2001 and 2001-2002, from a registered, enrolled or enlisted (as
applicable) retailer subject to the following conditions,
namely:-
(i)
He has
obtained registration, enrollment or, as the case may be, enlistment at any
point of time during the financial year 2000-2001, or obtains registration or,
as the case may be, enrollment during the financial year
2001-2002;
(ii)
he
adheres to the prescribed system of turnover tax under section 3A of the Sales
Tax Act, 1990 or retail tax under section 3AA thereof as per his annual turnover
with effect from the 1st July, 2001;
(iii)
he
pays the amount of sales tax due from him along with additional tax, if
chargeable; and
(iv)
he files
his returns for the said period, if not already filed, along with the amount of
taxes as aforesaid:
Provided further that benefit under this notification shall be available
also to such retailers who obtained registration, enrollment or enlistment
during the financial year 2000-2001, and owe arrears of only additional tax if
they pay such arrears.
2.
No person shall be entitled to claim or take refund under this
notification, of any amount of penalty already paid.
3.
This notification shall ipso facto
expire on and after the 1st January, 2003.
[C. No.
3(9)STL&P/2001]
( RIAZ AHMAD MALIK
)
Additional
Secretary