The manufacturers of 29 items, including cars would submit monthly data pertaining to production, clearance and stocks to the sales tax department from July 1, 2006.
Official sources told Business Recorder on Thursday that the SRO.543(I)/2006 of June 5, 2006 has made it mandatory for the registered manufacturers of sugar, tea blended, cigarettes, aerated waters, cement, motor cars, buses, jeeps, trucks, light commercial vehicles/light transport vehicle, motorcycles, air conditioners, refrigerators, deep freezers, washing machines, television sets, paper/paper board, chemicals, gases/acids, flakes/detergent, paints/varnishes, natural gas, liquefied petroleum gas, fertiliser, wires/cables, toilet soap, ceramic tiles and caustic soda to file the 'special return'.
These manufacturers would submit the details pertaining to production, supplies and goods cleared in a month. The data could be used to ascertain their actual production for the calculation of sales tax.
Officials said that the registered manufacturers dealing in these 29 items would be required to submit details of production, clearance and stocks on monthly basis. The information so obtained will help the collectorates to identify trends in various sectors and make realistic revenue estimates. The field formations would compare the data with actual market information and accordingly ascertain and investigate the causes of variations.
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