The alternate dispute resolution (ADR) committee has given exemption of principal amount of sales tax (over Rs 11 million), additional tax and penalty to a Multan-based company. The Central Board of Revenue (CBR) on Monday issued SRO.30(I)/2005 and SRO.31(I)/ 2005 to implement the recommendation of the ADR committee. The department has exempted, as a special case, the principal amount, additional tax and penalty adjudged against M/s Roomi Enterprises (Pvt) Limited, Mehr Manzil, Lohari Gate, Multan, through a show-cause notice of December 5, 2003.
The notice was issued by the collector of customs, sales tax and central excise (adjudication), Multan.
The ADR committee, constituted by the CBR under Section 47A of the Sales Tax Act, 1990, examined the issue.
The committee chairman and members, in its report of October 22, 2004, had unanimously recommended for exemption of principal amount, additional tax and penalty raised against the company.
The CBR has issued notifications in exercise of the powers conferred by Section 34A of the Sales Tax Act, 1990.
Comments
Comments are closed.