In order to claim sales tax refund processing through the FASTER System, the Federal Board of Revenue (FBR) has issued user guidelines for filing Annex-H of the sales tax return form.

Under the refund processing through the FASTER System, taxpayers have to use Annex H to upload transactions for the month, ie, purchase, import and consumption only. Opening and closing balances are derived/calculated automatically. Same is the case with Excel uploading otherwise objection of duplicate value will arise, the FBR added.

The FBR said that the opening balance, closing balance in ST return must match with Annex-H.

Taxpayers should use Annex H Column Consumed/Exported during the month (domestic zero rated/export for amount of refund on export mentioned in return (minus tax on local supplies).

The refund claimants should use Column Consumed/Sold during the month (Domestic Taxable Supplies) for Consumption against domestic supplies in relation to output tax declared in return. They should mark invoice wise inadmissible input tax in Annex-A relating to SRO 490(I) 200.

Taxpayers should not attach/claim GD of Imports or/and Exports that have already been claimed or not relevant. Credit brought forward from previous claim will automatically be available in Annex H.

The new items are added to the l list of Items included sizing, yarn dyeing, yarn doubling, weaving, knitting, processing (bleaching, dyeing and printing), stitching and embroidery.

The RCPS for refund preparation System is replaced with Annex-H for all types of Sales Tax Refund claims from Jul 2019 onward. Properly filled Annex-H without objections and anomalies of data will ensure processing in 72 Hours, the FBR directed the claimants.