June 21, 2006	Wednesday	Jumadi-ul-Awwal 24, 1427

ISLAMABAD, June 20: The Central Board of Revenue (CBR) on Tuesday allowed manufacturers to affix sales tax amount with the retail price by means of stamping or pasting stickers.

The calculation of sales tax will be made in accordance with the provisions of section 2(27) of the Sales Tax Act 1990, on the stocks available with the manufacturers, which was now subject to sales tax on the basis of retail price.

According to the Sales Tax General Order, SGO 1 of 2006 issued here on Tuesday, the new items to be subject to sales tax on retail stage included — toilet paper, tissue paper, spices sold in retail packing bearing brand names and trade marks, electric bulbs, including energy saving lamps, fluorescent tube lights, snacks, including potato chips sold in retail packing, shoe polish and shoe cream.

The facility would be subject to following conditions: i) the manufacturer shall inform the Collector of sales tax, having jurisdiction, about the stocks as in hand on June 30, 2006, with full description and quantity, on which the retail price is not printed in accordance with the provisions of the Act; along with the retail price effective from July 1, 2006; ii) the sales tax in respect of such items shall be paid in accordance with the retail price as effective from July 1, 2006; iii) the manufacturer shall advertise the retail price in the leading daily newspapers in English, Urdu and other regional languages, at least twice a week till such time such stocks are supplied.

The advertisement in this regard shall mention the date from which the retail prices are applicable; and iv) the stocks so affixed with the retail price are supplied by August 31, 2006, or within such extended period as allowed by the Collector having jurisdiction on a written request by the manufacturer, provided that such extended period shall not exceed sixty days.