GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE ECONOMIC AFFAIRS

STATISTICS AND REVENUE

(REVENUE DIVISION)

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Rescinded vide SRO No. 491(I)/2004 dated 12.06.2004

Islamabad the 25^th June 2001

NOTIFICATION
(SALES TAX)

                S.R.O NO 471(I)/2001.-     In exercise of the powers conferred by clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt, with effect from the 1^st day of July, 1998, the whole amount of further tax chargeable on the supply of such vehicles as are acquired by the financial institutions such as leasing companies, modarbas and bank from the local automotive manufactures or assemblers for onward supply to end consumers under financial lease agreements or car financing.

2.            This notification shall not entitle any person or financial institution to claim refund of any amount of tax already paid by, or recovered from, such person or institution.

 

                                                                                                                                ( RIAZ AHMAD MALIK )

                                                                                                                                    Additional Secretary