The Senate’s Standing Committee on Finance has rejected the proposal to enhance general sales tax from 16 to 17 percent The committee‚ which met under the chairman ship of Nasreen Jalil, approved various proposals for including in the new federal budget.
These proposals include imposition of 5 percent tax on non-registered industrial and commercial electricity consumers‚ imposition of Rs 5,000 tax on tour operators for Haj and Umrah‚ imposition of Rs 200‚000 tax on private educational institutions and imposition of agriculture tax in Islamabad Capital Territory.
The committee rejected the proposal to enhance general sales tax from 16 to 17 percent, and suggested exemption from tax for government employees earning up to Rs 500‚000. Finance Secretary Waqar Masood told the committee that two percent additional tax on unregistered petrol pumps has been withdrawn and these stations have been given two weeks time for registration.
SALES TAX ON UNREGISTERED PETROL PUMPS: Meanwhile, the government has abolished additional two percent general sales tax levied on unregistered petrol pumps.
Finance Ministry spokesman Rana Asad Amin told a private news channel that Finance Minister Ishaq Dar, taking the notice of the anomaly of separate prices for registered and unregistered petrol pumps, ordered for the recovery of general sales tax from unregistered petrol pumps at the rate of 17 percent instead of 19.
He said that from now on, two percent additional general sales tax from unregistered petrol pumps would not be recovered and these petrol pumps would not be selling costlier petrol by Rs2.75 to Rs3.00 per litre.
Senate body rejects proposal to enhance GST
