List of amendments to Sales Tax Act through Finance Bill 2023

Islamabad, June 9, 2023: Finance Bill 2023 has proposed various amendments to Sales Tax Act, 1990, according to Pakistan Budget 2023-24 released on Friday.

Following is the list of amendments recommended to Sales Tax Act, 1990 through Finance Bill, 2023:

Clause 4(1)(a) Seeks to omit the expression “production, transmission and distribution of electricity,” after the word “include” in clause (12) of section 2

Clause 4(1)(b) Seeks to omit sub-clause (e) of clause 33 of section 2

Clause 4(1)(c) Seeks to omit sub-clauses (e) and (ga) of clause (43A) of section 2

Clause 4(2) Seeks to substitute section 30CA

Clause 4(3) Seeks to substitute the words “goods or class of goods as specified by the Board under sub-section (1) of section 40C” for the words “cigarette packs” in column (1) of clause (23) of section 33

Clause 4(4)(a) Seeks to insert new serial number 8A after serial number 8 in the Fifth Schedule

Clause 4(4)(b) Seeks to substitute clause (xxv) of serial number 12 of the Fifth Schedule

Clause 4(4)(c) Seeks to insert the expression “commodities,” after the words “supplies of” of serial number 21 of the Fifth Schedule

Clause 4(5)(I)(a),(b)&(c) Seeks to substitute the word “under” for the words “in retail packing bearing” of serial numbers, 16, 17 and 18 of Table-1 of the Sixth Schedule

Clause 4(5)(I)(d) Seeks to add Explanation in serial number 121 of Table-1 of the Sixth Schedule

Clause 4(5)(I)(e)&(f) Seeks to substitute the expression “30th June, 2024” for the expression “30th June, 2023” in Table-I of the Sixth Schedule

Clause 4(5)(I)(g) Seeks to omit serial numbers 159 and 160 of Table-1 of the Sixth Schedule

Clause 4(5)(I)(h) Seeks to add new serial numbers 175, 176, 177, 178, 179, 180 and 181 after serial number 174 of Table-1 of the Sixth Schedule

Clause 4(5)(II)(a),(b), (c),(d),(e),(f),(g)&(h) Seeks to omit the words “in retail packing” after the word “sold” in serial numbers 32, 34, 35, 36, 37, 39, 41 and 42 of Table-2 of the Sixth Schedule

Clause 4(6)(a) Seeks to substitute the expression “15%” for the expression “12%” in serial number 66 of Table-1 of the Eighth Schedule

Clause 4(6)(b) Seeks to substitute serial numbers 81 and 82 of Table-1 of the Eighth Schedule