Format of new return form: provision for payment of SED removed

The Federal Board of Revenue (FBR) has removed the provision for payment of special excise duty from the format of the new sales tax and federal excise return form following abolition of the SED in budget (2011-2012). Explaining the changes on main Form of sales tax return, sources told Business Recorder here on Saturday that the SED has been removed from the new return form.
Another change in the new return form is related to the admissible credit. There is an inadmissibility of input adjustment against supplies at reduced rate as per new form. One of the additions in the form is that the Credit Carried Forward on account of Value Addition Tax has been made available. Similarly, Carry Forward is available for the purpose of refund (excluding Value Addition Tax). The sales tax payable on account of reduced rates supplies is also available in the new form. Another change is the amount of refund claim after adjustment of ST payable on account of reduced rate supplies. Sources said that the new form has incorporated also the province wise breakup of sales tax on services.
The changes on Main Form of Return also included enhancements in existing Annexures of the form. These Annexures are Annex - A, Annex - B, Annex - C, Annex - D and Annex - E. The Addition of new Annexures included Annex - F, Annex - G, Annex - H and Annex - P.
The changes on Main Form of Return also related to the Sales Tax Debits. The goods or services supplied locally at reduced rate has been mentioned in the form and another addition is related to the sales tax payable by steel sector under special procedure whose liability is not discharged through electricity bills or self-generation. In case of sales tax credits, the provision of domestic purchases from un-registered persons is available in the form and full adjustment of input tax of capital goods/ fixed assets.
The enhancements in existing Annexures of the form revealed that Annex - A (Domestic Purchase Invoices) now included invoice wise purchase detail, CNIC/NTN of unregistered suppliers, HS Code, purchase type, input credit not allowed and elimination of category wise summary.
The enhancements in existing Annexures of the new sales tax return form showed that Annex - B (Goods Declaration Imports) has allowed auto data loading and eliminated the provision of the import type wise summary. In case of Annex - C (Domestic Sales Invoices), the form included invoice wise sales detail, CNIC/NTN of unregistered buyers, HS Code, sale type and elimination of category wise summary.
The enhancements in existing Annexures of the new sales tax return form further revealed that information would also be collected as per Annex - D (Goods Declaration Exports). It allowed the auto data loading and collect information about the value of short shipment, value of goods actually shipped, value of goods admissible for refund and MR Number/ Date. In the Annex - E (Federal Excise), taxpayers have to specify the item type and price/unit.
The addition of new Annexures in the amended sales tax return form are Annex - F (Carry Forwards) and others. In case of Annex - F (Carry Forwards), this Annex is mandatory for registered persons who will claim or declare carry forward amount. There is segregation of carry forward amount w.r.t. Domestic Purchases & Imports. The Annex - G (Sales Tax Arrears) gives breakup of arrear amount w.r.t, principal amount, surcharge and penalty, etc.
The addition of new Annexures in the return form also included Annex - H (Stock Statement). It is mandatory for refund claimants only and may be submitted within 120 days. In the Annex - P, the province wise breakup of services provided and it is applicable where services are provided in the province of Sindh and any other province.