ISLAMABAD, Aug 30: The Central Board of Revenue (CBR) has clarified that SRO 813 of 2005 is applicable for wholesalers, dealers, distributors dealing with goods other than the goods mentioned in the Third Schedule to the Sales Tax Act, 1990.

The clarification has been made through the SRO889 of 2005 issued here on Tuesday. The CBR issued SRO813 of 2005 August 13, 2005 was for adjustment of excess input by wholesalers, dealers, distributors dealing in the goods other than the goods mentioned in the Third Schedule to the Sales Tax Act, 1990.

Inadvertently, the definitions of wholesaler/dealer/distributor given in clause (2) of the said SRO of 813 conveyed a different meaning that what was intended. The said mistake has been rectified through SRO 889 of 2005.

Through another SRO, the government has fixed deemed price for the new Nitric Phosphate grade at Rs3023 per ton for the assessment of sales tax chargeable at import and local supply.

The decision was announced through an amendment in SRO888 of 2005 issued here on Tuesday.

The government extended the facility of deemed price mechanism to the Nitric Phosphate (NP), Grade N(22) P (20) K (0), as well, on both import and supply stage, added the notification.

The Central Board of Revenue (CBR) has allowed distributors and wholesalers to file revised Sales Tax Return on the new format for the tax period of July 2005 without any penalty or default surcharge.

The decision was announced through a sales tax circular no 1 issued here on Tuesday.

The decision was taken following a number of distributors and wholesalers dealing in the items mentioned in the Third Schedule to the Sales Tax Act, 1990 have approached the CBR with plea that due to time constraint the new format of Sales Tax Return prescribed vide SRO 812 of 2005 was not available to them for filing the same by August 15, 2005 for the tax period ending July 31, 2005.

Consequently, they were unable to file the return on the new format and instead filed the previously applicable return.