Dear Member,

As per existing Sales Tax Law, the revision of Sales Tax Return can be made within 120 days of the filing the Sales Tax Return with prior approval of the Commissioner Inland Revenue. It was quite difficult to get approval from the department to revise the return.

Sales Tax Rues has been amended through a S.R.O. 278(I)2010  dated 28th April, 2010 (copy attached), After this amendment, any registered person wishes to revise his return resulting in payment of tax over the tax already paid on the original return, may file his revised return and pay the differential amount of tax along with the default surcharge, if any, without such approval from the Commissioner and without any penalty and without any time limitation.

Now, the Sales Tax Registered Persons who has any deficiency or paid short amounts of sales tax along with already filed return may revise their returns without much complication.

For any assistance/clarification you may contact Chairman Taxation Sub-Committee -ICCI at the following address:-
 
Mian M. Ramzan-FCMA
Chairman Taxation Sub-Committee (Sales Tax/F Excise)-ICCI
Chief Executive-TMRC
Financial, HR, IT & Management Consultants
Islamabad
Suite 4, 3rd Floor, Yaseen Plaza,
Jinnah Avenue, Blue Area, Islamabad
Pakistan-44000
Tel: +92 51  2605697, 2278423
Fax: +92 51 2872965
Cell: +92-321 5 22 44 88

We believe in information sharing and empowering people by disseminating knowledge.

Yours sincerely,

 

Majid Shabbir
Secretary General