| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
|
|
030519
SALES TAX INSTRUCTIONS/
RULING NO. 12/2003
GOVERNMENT OF PAKISTAN
CENTRAL BOARD OF REVENUE
REVENUE DIVISION
(SALES TAX WING)
C. No. 1(17)STR/2000.
Dated: 19-05-2003
To:
1. The Collector
of Sales Tax & Central Excise,
(East/West/LTU), Karachi/Lahore/Rawalpindi/Peshawar/Gujranwala.
2. The Collector
of Customs Sales Tax & Central Excise,
Multan/Hyderabad/Quetta.
3. The Collector
of Sales Tax,
Faisalabad.
SUBJECT: CLARIFICATION REGARDING ADJUSTMENT OF INPUT TAX PAID ON ADVERTISEMENT SERVICES
BY REGISTERED CLIENTS ON AMENDED INVOICES ISSUED BY PTV.
I am directed to refer to the subject cited above and to say that a question
has been raised whether invoices being issued by Pakistan Television Corporation
Ltd. (PTV) are in conformity with Central Board of Revenue’s Ruling No. 67/2002
dated 11-11-2002 and whether input tax adjustment can be claimed on the basis
of these invoices.
2. The
matter has been examined in the Central Board of Revenue in consultation with
PTV. The Board is of the view that invoices issued by PTV (specimen
enclosed) bearing the name and registration
number of the registered person/buyer routed through the advertising agency
is in accordance with Board’s said Ruling. These invoices are therefore acceptable
for input tax adjustment. This would however be subject to the condition that
payment is directly made by the registered person/buyer to the registered person/service
provider as per provisions of section 73 of the Sales Tax Act, 1990. This has
been illustrated in the specimen invoice issued to M/s Reckitt Benckiser Pakistan
by M/s PTV. Moreover, while claiming input tax adjustment the provisions of
Apportionment Rules issued vide Notification No. SRO 698(I)/96 dated 22-08-1996
may be kept in view and no input tax adjustment for items mentioned in SRO 578(I)/98
dated 12-06-1998 would be admissible.
(Pervez Esbhani)
Secretary (STR&S)
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |