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6. Payment of Tax.
(1) The ginner shall deliver ginned cotton through a
delivery note or gate pass to the registered spinning unit or to the
registered exporter. The delivery note or gate pass shall be serially
numbered document and shall indicate the quantity of the cotton sold and
the name of the buyer along with quantity of the cotton sold and the name
of the buyer along with his sales tax registration number, builty number
and date and registration number of the vehicle on which the ginned cotton
is being carried. The spinning unit or the exporter, after receipt of
ginned cotton in his premises, shall settle the terms, if any, about
quantity and value of the ginned cotton with the ginner within six (6) days
of the date of the dispatch of ginned cotton from the ginning unit. The
changes in quantity or value shall be indicated on the reverse side of the
copies of the delivery note of the gate pass issued by the ginning unit.
The ginning unit shall then issue the prescribed sales tax invoice for the
quantity and value of the ginned cotton agreed between the ginner and the
spinning unit or the exporter. The tax invoice shall be issued of the date
on which the ginned cotton was dispatched against the delivery note or
gate-pass within seven days (07 days) of the date thereof and shall bear a
cross reference of the delivery note or gate pass. The spinning unit or
exporter shall remit amount of sales tax payable on cotton purchase by him
during the month to which the tax invoice relates through a Bank Draft
drawn and crossed in the name of the respective collector sales tax. The
Ginner shall issue a proper receipt for the draft received by him from the
spinner or exporter. The Ginner shall deposit these drafts in the
authorized branch of National Bank of Pakistan by the 15th day
of that month and submit to Collector Sales tax details of cotton sold by
him during a month and amounts of sales tax deposited by him in the format
given below by the 20th day of that month:
Name and Address of The Ginner ____________________________________
Registration Number. __________________________________
Month __________________________________________________________
________________________________________________________________
Name of Buyer with Tax Invoice
No.
Quantity
of
Location and
And Date
Cotton Sold
Registration No.
_______________________________________________________________
(1)
(2) (3)
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Value
Sales
Tax Payable
Sales Tax Paid through Draft # and Date
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(4) (5)
(6)
(2) If the ginning unit delivers or dispatches any cotton to any spinning
unit or exporter without issuing the delivery note or gate pass or if he
fails to issue the tax invoice within seven (07) days from the date of the
respective delivery note or gate pass, he shall be liable to penalty under
section 33 of the Act besides being liable to pay the tax.
(3) If the spinning unit or exporter fails to remit the sales tax
payable on ginned cotton purchased by him or the due date specified in
sub-rule (1), besides any other action which may be taken against him under
the Act, he shall not be entitled to claim adjustment or refund of input
tax in respect of such purchase unless he pays the amount of additional tax
or penalties chargeable on such late remittance under section 33 and 34 of
the Act, through deposit in the designated bank branch or deduction from
the adjustable or refundable amount.
(4) If the spinning unit or the exporter furnishes bank draft for
the amount of sales tax due to the ginner by the due date specified in the
sub-rule (1) and the ginner by the due date same within the due date
specified therein, then the spinning unit or exporter shall be entitled to
claim adjustment or refund and penalties under sections 33 and 34 besides
other penal action under other provisions of the Act.
7. Notice to be given by ginner.
Further a ginner shall
at the time of commencement of ginning activity and at the closure of
ginning activity, inform the concerned Collector of Sales Tax on day
earlier than the commencement of ginning activity or, as the case may be on
the day following the cessation of ginning.
8.
Submission of tax return. ___________________________________________________
9.
Records.
The Ginner shall maintain the records specified in the Act and rules made
there under.
{F. No. 3 (35) STP/96.}
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{Note: The following amendments were made vide SRO 398(I)/2001, dated 18th
June, 2001:
In rule 6,-
(a) Sub-rule (3) was substituted; and
(b) After sub-rule (3) substituted as aforesaid, a
new sub-rule (4) was added.}
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