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S.R.Os / Notifications

SRO Number: 363(I)/2012
SRO Date: April 13,2012
SRO Relates To: SROs>> Sales Tax
SRO Title: S.R.O 363(I)/2012, Dated 13.04.2012
Brief Description:

In pursuance of ECC decision, the rate of sales tax on import and supply of agriculture tractors was reduced from 16% to 5% to be gradually raised to the level of 16% vide SRO 79(I)/2012, dated 02.02.2012. However, all supplies by their vendors of agriculture tractors sector were subject to 16% sales tax. Due to difference in the rate of sales tax chargeable on inputs and agriculture tractors, refunds of unadjusted input started to accrue keeping in view previous such arrangement vide SRO 948(I)/2005, dated 13.09.2005, a new updated procedure for processing of refund claims of Recognized Agriculture Tractors was notified through SRO 363(I)/2012, dated 13.04.2012, repealing aforementioned SRO.