Home » News » Finance » Sales tax exemption period extended

Sales tax exemption period extended

ISLAMABAD (November 13 2005): The Central Board of Revenue (CBR) has given three months' extension to avail sales tax exemption on local supply of goods procured from President's Relief Fund for free distribution among earthquake victims.

Exemption of sales tax shall also be admissible on such goods as are purchased by approved voluntary non-government organisations or welfare bodies or supplied by the registered manufacturers for free distribution in the affected areas.

The CBR has amended SRO 1035(I)/2005 through SRO 1126(I)/2005 issued on Saturday.

The department has issued notification whereby time period of previous SRO 1035(I)/2005 issued for zero-rated sales tax on supplies made for earthquake relief activities expiring on November 12, 2005 has been extended for three more months.

The goods supplied utilising the President's Relief Fund for the Earthquake Victims, 2005, or any other such source of the government for free distribution among earthquake victims shall be exempt from the payment of sales tax.

FOLLOWING IS THE TEXT OF THE NOTIFICATION ISSUED ON SATURDAY: 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 direct that the following amendment shall be made in its Notification No S.R.O. 1035(I)/2005, dated the 13th October, 2005, namely:-

In the aforesaid Notification, in paragraph 3, for the word “thirty” the words “one hundred and twenty” shall be substituted.

Leave a Reply