ISLAMABAD, March 18: The Central Board of Revenue (CBR) has notified rules for manufacturer-cum-supplier of spun yarn for getting exemption from the levy of three per cent further tax on supply to non-registered persons.

The rules would come into effect retrospectively from March 1, 2004 and would be effective till June 30, 2004, said a sales tax notification SRO166 issued on Thursday.

According to the rules, the manufacturer-cum-supplier makes supply of spun yarn against crossed cheque or any other banking instrument showing transfer of payment in the bank account of seller from the bank account of buyer and the information about the supplies made is furnished to the collector of sales tax by 15th day of the following month.

The supplies for which the information cannot be provided as required under the clause (a) shall be deemed to have been made to an unregistered person for which there will be no levy of further tax, if the information about such supplies is made to the collector of sales tax by 15th of the following month.

The manufacturer-cum-supplier shall issue sales tax invoice in case of supplies as specified in clause (b) giving all the particulars of the buyers except the sales tax registration number and any registered person who opts to avail the benefit under the provisions of these rules but fails to provide information as specified in clauses (a) and (b) shall become ineligible to avail benefit thereunder, the notification added.