| |
KTBA'S
News &
Views |
Library and News & Views Committee
Mr. Haider Ali Patel (Convenor)
Mr. Iqbal Salman Pasha
Mr. Anwer Kashif Mumtaz
Mr. Ali A. Rahim
Mr. Arshad Siraj Memon
Ms. Yasmeen Ajani
Mr. Asif Ali Khan
Mr. Kazi Anwar Kamal
Mr. Rehan Siddiqui
Mr. Nadeem Iqbal
Syed Hassaan Naeem
|
|
CIRCULARS/
NOTIFICATIONS
REFERENCE
|
DATE |
ISSUES INVOLVED |
KTBA
LIBRARY
REF: NO.
|
| |
|
INCOME TAX |
|
| Circular No.1 of 2003 |
31-01-2003 |
Clarified that instructions issued
through CBR Circular No.6 of 2002 dated 04.05.2002 for acceptance
of Exemption Certificates issued by competent Tax Authorities
of Pakistan and AJK and credit for tax paid are equally applicable
to period even prior to 04.05.2002. |
01 |
SRO No.935(I)/2002
|
21.12.2002 |
Prococol-2 executed on 02.05.2002
between Pakistan and Denmark for certain amendments in ADTA,
made effective from the dates as mentioned in said Protocol. |
02 |
| SRO No.936(I)/2002 |
18.12.2002 |
ADTA between Pakistan and Syrian
Arab Republic issued and made effective retrospectively from
01.05.2002. |
03 |
| |
|
SALES TAX |
|
| Instruction No.02/2003 |
21.01.2003 |
Persons liable to be enrolled under
the Turnover Tax Regime under S.3 of the Sales Tax Act, can
be compulsorily enrolled in terms of S.3A(4) read with S.19. |
04 |
| Instruction No. 03/2003 |
06.02.2003 |
New Sales Tax Audit criteria issued
for Custom Agents, who deposit sales tax below the prescribed
minimum benchmark, level per document filed. |
05 |
| SRO No.36(I)/2003 |
09.01.2003 |
Registration of M/s. Riaz Textile
Mills (Pvt.) Limited, Sheikhupara transferred from Collectorate
of Sales Tax & Central Excise, Rawalpindi to Lahore, under
power vested in Rule 6(1) of the Registration, Voluntary Registration
and De-Registration Rules, 1996. |
06 |
| Press Report |
|
Draft of Registration and De-Registration
Rules, 2003 issued. |
07 |
| Sales Tax General Order No. 06
of 2002 |
26.12.2002 |
Procedure prescribed in respect
of documents to be filed on or after 16.01.2003 for payment
of Sales tax on services provided by Customs Agents under
the Provincial Sales tax Laws. |
08 |
| |
|
CORPORATE LAW |
|
| Circular No.17 of 2002 (Earlier
missing) |
18.12.2002 |
Directives issued to all Non-Bank
Finance Companies (NBFCs) engaged in soliciting investments/deposits
through issuance of Certificates of Investment (COIs) or Certificates
of Deposit (CODs) to submit the specified current information
to SECP. |
09 |
| Circular No.19 of 2002 |
27.12.2002 |
Listing Regulation No.37 of Karachi
Stock Exchange requires Listed Companies to appoint only those
firms of Auditors, as their External Auditors, who have been
given a satisfactory rating under the Quality Control Review
Program of the ICAP, as per list issued by ICAP and circulated
by SEAP. |
10 |
| |
|
|
|
January
- March, 2003
