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020215
GOVERNEMNT OF PAKISTAN REVENUE
DIVISION CENTRAL BOARD OF REVENUE (SALES TAX WING)
SALES TAX RULING/INSTRUCTION NO. 15/2002
C.No.1(30)STR/99
Islamabad, the 15th February, 2002
To
(1) The Pakistan Petroleum Exploration & Production Companies Association,
House No. 1, St. No.49, Sector F-6/4,
Islamabad.
(2) The Collector,
Collectorate of Sales Tax & Central Excise,
(East/West) Karachi/Lahore/Gujranwala/Peshawar/Rawalpindi.
(3) The Collector,
Collectorate of Customs,
Sales Tax & Central Excise,
Hyderabad/Multan/Quetta
(4) The Collector,
Collectorate of Sales Tax, Faisalabad.
SUBJECT:
LEVY OF SALES TAX ON SUPPLY OF PETROLEUM PRODUCTS BY REFINERIES
I am directed to refer to the representation of Pakistan
Petroleum Exploration and Products Co. Association (PEPCA) on the above noted subject.
2. The Board has taken the following decisions to resolve the problems of the applicants:-
(i) The ‘Operator’ companies are allowed to claim input tax credit and account
for the same during audit of their business records provided the goods are purchased in
their name.
(ii) in case the companies engaged in exploration and production of petroleum issues a tax
invoice in respect of a supply made by them and there is a change in the value of supply
or amount shown in the tax invoice or return needs to be modified, they are allowed to
issue a debit or credit note and make corresponding adjustment against out put tax in the
return. The procedure prescribed in the Debit and Credit Note and Destruction of Goods
Rule, 1996 shall apply mutatis mutandis, for this purpose.
(iii) Petroleum Exploration ad Production Companies have been allowed to pay sales tax on
petroleum products by 25th day of the month following the tax period, vide
notification SRO No. 88(I)/2002, dated the 11th February, 2002 (copy enclosed).
Sd/-
(DR. ARSLAN SUBUCTAGEEN)
Second Secretary (STB)
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