The Value of Tax Liability has been decreased up to Fifty Million rupees for the purpose of Alternative Dispute Resolution u/s 47A of Sales Tax Act 1990.

Islamabad 06-05-2024: The “Tax Law Amendment Act 2024” has amended the value of tax liability for Alternative Dispute Resolution u/s 47A of Sales Tax Act 1990. The amended section 47A of Sales Tax Act 1990 is reproduced as under:-

“47A.  Alternative   Dispute  Resolution.- (1)   Notwithstanding   any other provision of this Act,  or the rules made thereunder,  an aggrieved person in connection with any dispute pertaining to-

(a) the liability of tax of fifty million rupees or above against the aggrieved  person or admissibility of refund,  as the case may be; 

(b) the extent of waiver of default surcharge and penalty; or 

(c) any other specific relief required to resolve the dispute, 

may apply, except where criminal proceedings have been initiated, to the Board  for  the   appointment  of  a   committee  for  the   resolution  of  any hardship or dispute mentioned in detail in the application: 

Provided that where the aggrieved person is a State-Owned Enterprise (SOE), the limit of tax liability of fifty million rupees or above mentioned in clause (a) shall not apply and it shall be mandatory for such aggrieved SOE to apply to the Board for the appointment of a committee for the resolution of any dispute under this section: 

Provided further that no suit, prosecution, or other legal proceedings shall lie against the SOE in relation to the dispute resolved under this section. 

Explanation.— State-Owned   Enterprise shall have the same meaning as assigned   thereto    in   the   State-Owned    Enterprises (Governance   and Operations) Act, 2023 (VII of 2023), 

(2) Provisions of section 134A of the Income Tax Ordinance, 2001 (XLIX of 2001) and rules made thereunder relating to Alternative Dispute Resolution shall, mutatis mutandis, apply to applications for alternative dispute resolution under this Act.”

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