Explanatory Notes for SRO 307(I)/2008
SRO amends the Sales Tax Rules, 2006, with following objectives:
(i) To provide for refund of excess input tax in cases other than those of zero-rated supplies. The refund against zero-rated supplies has been provided in section 10 of the Act. The procedure for refund in other cases had not been prescribed. The same has been done through this amendment.
(ii) To provide for single return, in cases where a registered person operating in different sectors was required to file multiple returns because of different due dates for filing of return for each of the sectors. Now he shall file a single return for all such sectors by the due date applicable to his major activity in terms of sales tax or federal excise duty payable.