Tax on services.pdf

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Islamabad Capitol Territory (Tax on Services) Ordinance, 2001 (As amended up to 1st July, 2015) The ISLAMABAD CAPITAL TERRITORY (TAX ON SERVICES) ORDINANCE, 2001 (ORDINANCE NO. XLII OF 2001) Updated By Ghulam Sarwar Shah, Secretary, IR Policy Wing, Federal Board R
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  Islamabad Capitol Territory (Tax on Services) Ordinance, 2001 1 (As amended up to 1 st  July, 2015) The ISLAMABAD CAPITAL TERRITORY (TAX ON SERVICES) ORDINANCE, 2001 (ORDINANCE NO. XLII OF 2001) Updated By   Ghulam Sarwar Shah, Secretary, IR Policy Wing, Federal Board Revenue, Islamabad (Amendments by the Finance Act, 2015 have been shown in BLUE  )  Islamabad Capitol Territory (Tax on Services) Ordinance, 2001 2 Table of Contents ISLAMABAD CAPITAL TERRITORY (TAX ON SERVICES) ORDINANCE, 2001 .............. 3 1. Short title, extent and commencement ................................................................................. 3 2. Interpretation. ....................................................................................................................... 4 3. Scope of tax.......................................................................................................................... 4 THE SCHEDULE ....................................................................................................................... 5  Islamabad Capitol Territory (Tax on Services) Ordinance, 2001 3 The ISLAMABAD CAPITAL TERRITORY (TAX ON SERVICES) ORDINANCE, 2001 1 [ Notification No. F. 2(1)/2001-Punj., dated 18th August, 2001.  —  The following Ordinance promulgated by the President is hereby published for general information:-- ORDINANCE NO. XLII OF 2001  AN ORDINANCE to provide for levy of sales tax on services rendered or provided in the Islamabad Capital Territory WHEREAS it is expedient to provide for levy of sales tax on the services rendered or  provided in the Islamabad Capital Territory and for matters ancillary thereto or connected therewith; AND WHEREAS the President is satisfied that circumstances exist which render it necessary to take immediate action;  NOW, THEREFORE, in pursuance of proclamation of Emergency of the fourteenth day of October, 1999, and the Provisional Constitution Order No. 1 of 1999, read with the Provisional Constitution (Amendment) Order No. 9 of 1999, and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is pleased to make and promulgate the following Ordinance;- 1.   Short title, extent and commencement.-- (1) This Ordinance may be called the Islamabad Capital Territory (Tax on Services) Ordinance, 2001.   1   Issued by the Ministry of Law and Justice, under the signature of Mr. Justice Faqir Muhammad Khokhar, Secretary, vide Ex. Ord. Gaz. of Pak., 2001, Pt. I, P.923.  Islamabad Capitol Territory (Tax on Services) Ordinance, 2001 4 (2) It extends to whole of Islamabad Capital Territory. (3) It shall come into force at once. 2.   Interpretation.-- In this Ordinance, unless there is anything repugnant in the subject or context, the   words and expression used but not defined shall have the same meaning as in the   Sales Tax Act, 1990. 3. Scope of tax.-- (1) Subject to the provisions of this Ordinance, there shall be charged, levied and paid   a tax know as sales tax at 2 [rates specified in column (4) of the Schedule to this Ordinance]   of the value of the taxable   services rendered or provided in the Islamabad Capital Territory.   (2) The tax shall be charged and levied on the services specified in 3 [column (2) of]   the Schedule to this Ordinance in the same manner and at the same time, as if it were a sales tax leviable under sections 3, 3A or 3AA, as the case may be, of the Sales Tax Act, 1990. (3) All the provisions of the Sales tax Act, 1990, and rules made and notifications, orders and instructions issued thereunder shall, mutatis mutandis, apply to the collection and payment of tax under this Ordinance in so far as they relate to  –   (a) manner, time and mode of payment; (b) registration and de-registration; (c) keeping of records and audit; (d) enforcement and adjudication; (e) penalties and prosecution; and (f) all other allied and ancillary matters. ------------------------ 2   Substituted for the words “the rate of sixteen percent”  by the Finance Act, 2015 3   The words brackets and figure “column (2) of” shall be inserted by the Finance Act, 2015  
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