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020427
GOVERNMENT
OF PAKISTAN REVENUE DIVISION CENTRAL BOARD OF REVENUE (SALES TAX WING)
SALES TAX RULING/INSTRUCTION No. 33/2002
C.No.4(47)STB/98(Vol-I)
Islamabad the 27th April, 2002.
Mr. Shujaat Ullah,
M/s Maintalloys (Pvt) Ltd.,
4th Floor, Hafeez Centre,
Shahrah-e-Faisal,
Karachi-75350.
SUBJECT:
SALES TAX EXEMPTION – PNSC.
I am directed refer to your fax
message No.186/2002, dated 08.04.2002 on the subject cited above and to reply your queries
as follows:-
(i) Supplies of stores and provisions for consumption aboard a conveyance proceeding
to a destination outside Pakistan as specified in section 24 of the Customs Act, 1969 are
zero-rated under section 4(b) of the Sales Tax Act, 1990. The relevant customs procedure
for export/supply of ship stores has to be observed.
(ii) In case of zero-rated supplies, adjustment of input tax is admissible in
accordance with the provisions of section 7 of the Sales Tax Act, 1990. The excess amount
of input tax may be claimed as carry forward or refund in the monthly sales tax return.
(iii) A sales tax invoice is required to be issued against supplies made at the rate
of zero percent to PNSC. The rate of zero percent sales tax has to be mentioned in the
invoice while the column for amount of sales tax will show zero/nil amount of sales tax.
2. It may however, be mentioned that zero-rating is only available in case of stores
and provisions for consumption aboard a conveyance leaving Pakistan. Welding electrodes
which are used in the port area are not the stores and provisions of such conveyance and
therefore cannot be zero-rated.
(DR. ASHFAQ AHMED TUNIO)
Secretary (ST-L&P)
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