- GOVERNMENT
OF PAKISTAN
- MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
- STATISTICS & REVENUE
- CENTRAL BOARD OF REVENUE
- *****
-
Islamabad, the
18th October 2004.
- O
R D E R
- (SALES
TAX)
-
-
S. R. O. 858(I)/2004.- WHEREAS, the Shipping Agents including
NVOCCs, International Freight Forwarders, Consolidators and Slot Carriers
were brought to the tax net in the Budget FY 2004-05; and central excise
duty (in GST mode) @ 15% of the commission charges was levied on them. The
rate of CED in respect of NVOCCs, International Freight Forwarders,
Consolidators and Slot Carriers was subsequently reduced from the standard
rate of 15% to Rs. 200/- per ‘House Bill of Lading’ issued by them, vide
Notification No. SRO 621(I)/2004, dated the 17th July, 2004;
-
-
AND WHEREAS, the levy imposed on International Freight Forwarders was
a new levy and they were previously not in the registration net, therefore,
a number of International Freight Forwarders could not file their sales tax
returns within the due dates, as defined under sub-section (9) of section 2
of the Sales Tax Act, 1990, due to the lack of knowledge of Sales Tax law
and procedures;
-
-
NOW, THEREFORE, in exercise
of the powers conferred under section 34A of the Sales Tax Act, 1990, the
Central Board of Revenue is pleased to exempt, as a special case, whole of
the amount of additional tax and penalty chargeable from the persons
registered as International Freight Forwarders due to late filing of returns
in the tax period of the months of June, July, August and September, 2004,
subject to the following conditions, namely:-
-
- (i)
they shall file all outstanding
returns by the 25th day of October, 2004;
- (ii)
no such exemptions shall be available
to the International Freight Forwarders who
fail to file
-
outstanding tax returns by the aforesaid date; and
-
-
(iii)
no refund of additional tax or penalty, if already paid on account of
late filing of tax returns for the
-
aforesaid tax
periods, shall be admissible.
- ______________________________________________________________________________________________________
- [C. No. 1 (6) STR/2004]