07-23-2010, 03:02 AM
S.R.O. 278(I)2010.â In exercise of the powers conferred by sub-section (1) of section 4 and section 40 of the Federal Excise Act, 2005, section 219 of the Customs Actâ 1969 and section 50 of the Sales Tax Act, 1990 read with sub-section (2) of section 8, sections 9, 10, 14, 21 and 28, clause (c) of sub-section 11 of section 22, section 26, sub-section 6 of section 47A, section 48, 50A, 52, 52A and 66 thereof, the Federal Board of Revenue is pleased to direct that the following further amendment shall be made in the Sales tax Rules, 2006 namely,-
In the aforesaid Rules, after rule 14, a following new rule shall be inserted, namely,-
â14A. Revision of a return by a registered person.-
(1) Where any registered person wishes to revise his return resulting in payment of tax over the tax already paid on the original return and prior approval of such revision is required under sub-section (3) of section 26 of the Act, regardless whether or not such person has already filed to the Commissioner any application for approval of such revision, may file his revised return and pay the differential amount of tax along with the default surcharge, if any, without such approval from the Commissioner and without any penalty whether adjudged or not.
(2) The time limitation of one hundred and twenty days prescribed in the sub-section (3) shall not apply to revision of returns made by a registered person under sub-rule (1).
In the aforesaid Rules, after rule 14, a following new rule shall be inserted, namely,-
â14A. Revision of a return by a registered person.-
(1) Where any registered person wishes to revise his return resulting in payment of tax over the tax already paid on the original return and prior approval of such revision is required under sub-section (3) of section 26 of the Act, regardless whether or not such person has already filed to the Commissioner any application for approval of such revision, may file his revised return and pay the differential amount of tax along with the default surcharge, if any, without such approval from the Commissioner and without any penalty whether adjudged or not.
(2) The time limitation of one hundred and twenty days prescribed in the sub-section (3) shall not apply to revision of returns made by a registered person under sub-rule (1).
