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183rd update dated August 15, 2018
This update covers:-
-SROs: 729(I)/2018, 775(I)/2018 to 781(I)/2018, 794(I)/2018, 825(I)/2018, 830(I)/2018, 850(I)/2018, 881(I)/2018, 888(I)/2018 to 890(I)/2018, 993(I)/2018 & 996(I)/2018;
-General Orders: 128 to 158 of 2018; and
-Circulars: C. No. 9(1)/ST-LP&E/Misc/2016 & C. No. 5/93-STB/2018.
These are briefly explained as under:
Part III  Notifications
1.      On page 10, SRO 648(I)/2013 dated July 09, 2013 has been amended by SRO 780(I)/2018 dated June 21, 2018. This is re: Further tax @ 1% sales tax shall not be charged, levied or paid on the taxable supplies.
2.      On page 11, SRO 57(I)/2016 dated January 29, 2016 has been amended by SRO 729(I)/2018 dated June 11, 2018, SRO 830(I)/2018 dated June 30, 2018, SRO 850(I)/2018 dated July 07, 2018 and SRO 993(I)/2018 dated July 31, 2018 respectively. This is re: Sales Tax on import and supply of petroleum goods.
3.      On page 14, SRO 962(I)/2015 dated September 30, 2015 has been rescinded by SRO 778(I)/2018 dated June 11, 2018. This is re: 20% ad valorem Sales Tax on import & supply of Furnace Oil.
4.      On page 16, SRO 495(I)/2016 dated July 04, 2016 has been amended by SRO 781(I)/2018 dated June 21, 2018. This is re: Sales Tax on Services in Islamabad Capital Territory.
5.      On page 20D, SRO 1125(I)/2011 dated December 31, 2011 has been amended by SRO 777(I)/2018 dated June 21, 2018, SRO 794(I)/2018 dated June 21, 2018, SRO 881(I)/2018 dated July 13, 2018 & SRO 996(I)/2018 dated August 11, 2018 respectively. This is re: Zero-rating for import and supply of various products.
6.      On page 20M, SRO 776(I)/2018 dated June 21, 2018 has been reproduced. This is re: Import of Potatoes
7.      On page 30(1), SRO 488(I)/2004 dated June 12, 2004 has been amended by SRO 825(I)/2018 dated June 29, 2018. This is re: Sale to unregistered persons  polypropylene granules, sugar, etc. produced from concessional imports.
Part IV  Exemptions
8.      On page 23, SRO 499(I)/2016 dated July 27, 2016 has been rescinded by SRO 779(I)/2018 dated June 21, 2018. This is re: Exemption of Sales Tax on two projects pertaining to CPEC.
9.      On page 24, SRO 42(I)/2017 dated January 26, 2017 & SRO 139(I)/2017 dated March 06, 2017 respectively has been rescinded by SRO 779(I)/2018 dated June 21, 2018. This is re: Exemption to equipment for contractor of Lahore Orange Line Metro Train Project.
10.     On page 28, SRO 47(I)/2018 dated January 23, 2018 has been rescinded by SRO 779(I)/2018 dated June 21, 2018. This is re: Exemption for M/s China State Construction Engineering Corporation Limited (M/s CSCECL).
Part VA  Special Procedure Rules, 2007
11.     On pages 27 onwards, Sales Tax Special Procedure Rules, 2007 has been amended by SRO 775(I)/2018 dated June 21, 2018. This is re: Payment of Sales Tax.
VI  General Orders
12.     On pages 465 onwards, General Orders No. 128 to 143, 145 to 158 of 2018 dated June 10, 2018 to August 15, 2018 have been reproduced. These are re: Supply of Electricity, Gas, Furnace Oil, Diesel Oil and Coal.
13.     On pages 470 onwards, General Order No. 144 of 2018 dated July 12, 2018 has been reproduced. This is re: Procedure for adjustment of sales tax by Steel Melters under sub-rule (2C) of Rule 58H of the Sales Tax Special Procedures Rules, 2007.
Part VII  Circulars
14.     On page 73, C. No. 9(1)/ST-LP&E/2016 dated June 14, 2018 has been reproduced. This is re: Extension in the date for submission of Sales Tax and Federal Excise return for the tax period May, 2018.
15.     On page 73, C. No. 5/93-STB/2018/89721-R dated July 23, 2018 has been reproduced. This is re: Sales Tax and Federal Excise Duty measures introduced through Finance Act, 2018 and Budgetary SROs - Instruction regarding.