GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE, ECONOMIC AFFAIRS,

STATISTICS AND REVENUE

(REVENUE DIVISION)

***

 

Islamabad, the 12^th June, 2004.

 

NOTIFICATION

(SALES TAX)

 

 

S.R.O. 490(I)/2004.— In exercise of the powers conferred by clause (b) of sub-section (1) of section 8 of the Sales Tax Act, 1990, and in supersession of its Notification No. S.R.O. 578(I)/98, dated the 12^th June, 1998, the Federal Government is pleased to specify that the following goods, acquired otherwise than as stock in trade, by a registered person, to be the goods in respect of which input tax shall not be claimed, namely:—

 

(a)               vehicles falling in chapter 87 of the First Schedule to the Customs Act, 1969 (IV of 1969);

 

(b)               food, beverages, garments, fabrics, etcetera and consumption on entertainment; and

 

(c)               gifts and give-aways.

 

 

Explanation:- For the purpose of this Notification, the term “stock in trade” shall mean goods purchased by a registered person in the course of business for sale as such or after further processing or manufacture.

[C. No. 1/33-STB/2004]

 

 

(Shahid Ahmad)

Additional Secretary