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Sales Tax-registered gas consumers may claim 'input tax adjustment'

ISLAMABAD (February 01 2003) : The Central Board of Revenue (CBR) has allowed registered consumers of natural gas to claim 'input tax adjustment' against their bills, says a notification issued on Friday.

This is subject to the condition that the bill should contain registration number and address of the business premises declared by these consumers.

The CBR has amended 'Collection and Payment of Sales Tax on Natural Gas Rules 1999' through SRO (I)/2003 issued by the sales tax department.

The tax authorities have specified that registered consumers would be entitled to claim input tax adjustment against the bill paid as per the provisions of sections 7 and 8 of the Sales Tax Act, 1990.

The notification reads as under:

In exercise of the powers conferred by section 71 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendment shall be made in the 'Collection and Payment of Sales Tax on Natural Gas Rules 1999', namely:-

In the aforesaid Rules, in rule 4, in sub-rule (4), in the proviso, for the full stop, at the end, a colon shall be substituted and thereafter the following new proviso shall be added, namely:

“Provided further that the registered consumers shall be entitled to claim input tax adjustment against such bill in the tax period in which the bill is paid as per the provisions of sections 7 and 8 of the Act, subject to the condition that the bill contains registration number and address of the business premises declared to the collector by such consumer”.

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