The Federal Board of Revenue (FBR) will issue temporary sales tax registrations to the manufacturers within 72 hours of filing of the complete application from July 1, 2015. According to the amended Sales Tax Rules, 2006 issued here on Wednesday, where a person files application for sales tax registration as a manufacturer without having installed machinery, for the purpose of import of machinery to be installed by him, temporary registration as manufacturer shall be allowed to him for a period of sixty days subject to furnishing of the complete list of machinery to be imported along with Bill of Lading (BL) or Goods Declaration (GDs) in lieu of the requirements prescribed in clause (h) of sub-rule (1A) and sub-rule (1B) of rule 5.
The temporary registration shall be issued by the computerised system within seventy-two hours of filing of the complete application. After receiving temporary registration, the person shall be allowed to import plant, machinery and raw materials, etc as a manufacturer, subject to submission to the customs authorities of a post- dated cheque equal to the difference in duties and taxes to be availed as a manufacturer. In case the requirements prescribed in clause (h) of sub-rule (1A) and sub-rule (1B) of rule 5 are not fulfilled within sixty days of issuance of the temporary registration, such temporary registration shall be disabled and the post-dated cheques submitted shall be encashed.
A person holding temporary registration shall file monthly return in the form STR-7, but shall not issue a sales tax invoice and if such invoice is issued, no input tax credit shall be admissible against such invoice. No sales tax refund shall be paid to the person during the period of temporary registration and the amount of input tax may be carried forward to his returns for subsequent tax periods, FBR added.
In case a person holds multiple sales tax registrations, he shall retain only one registration and surrender all other registrations under intimation to concerned Commissioner Inland Revenue at RTO. Provided that the Board may, subject to such conditions as it may deem appropriate, allow or allocate a person separate registration for manufacturing units located in different LTU or RTO, FBR added.
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