Tag: Gst
NA body recommends cut in GST by 2pc
National Assembly Standing Committee on Finance Tuesday recommended reducing General Sales Tax (GST) from current 17 per cent to 15 per cent for the...
Senate body for waiving off GST on household electricity bills
The Senate Standing Committee on Finance, Revenue and Statistics recommended to the Federal Board of Revenue (FBR) on Wednesday to waive off General Sales...
FBR extends date for filing of GST and FED returns until...
The Federal Board of Revenue (FBR) has extended the date of submission of sales tax and federal excise returns by August 15.
A spokesman of...
Lower GST to increase revenue, FPCCI tells Finance Ministry
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to reduce General Sales Tax (GST) to single digits and also...
Businesses want at par GST on local gas and RLNG in...
A number of businesses have approached the government to equalise the sales tax on the natural gas in the federal budget for the next...
Withholding Tax placed on PRISM transactions
The FBR has placed withholding tax on all Pakistan Real-time Interbank Settlement Mechanism (PRISM) transactions at banks.
The PRISM transactions have now been subjected to...
PTI demands reduction in GST, welcomes five-year tax holiday in KP
He said that more taxes have been imposed on poor people while government failed to arrest thieves of electricity and gas and prevent flight of capital.
Increase in GST on petroleum products challenged in SC
Petitioner asks court to declare increase in sales tax illegal and order OGRA to re-evaluate prices under standard GST
Consumers paying Rs3-4 extra on petrol, diesel: report
The government is expected to earn Rs17 billion more from this additional levy introduced on Jan 1, but it may result in some sort of increase in prices of other commodities.
LHC moved against 5pc additional GST on POL products
The government’s decision to impose an additional five percent general sales tax (GST) on prices of petrol and other petroleum products was challenged in...
‘Reduction in POL price is a farce’
PPP Punjab President Wattoo opposes rise in GST on petroleum products, lashes at govt for ‘giving with one hand and taking away with other’
Pakistan...
Dar says extra 5pc GST levied to cover Rs 68b losses
Finance Minister Senator Ishaq Dar Thursday informed the Upper House of the Parliament that the government has increased general sales tax (GST) on import and supply of petroleum products by 5 percent to cover the revenue losses of Rs 68 billion.
Opp in NA, Senate protests additional GST on POL products
PPP’s Rabbani says move unconstitutional as there’s no scope in increasing GST under Article 77 of the Constitution until parliament approves it
Opposition members in...
Traders denounce 5pc additional GST on POL products
The business community, in a meeting at Islamabad Chamber of Commerce and Industry (ICCI), has strongly opposed the imposition of 5 percent additional General...
GST collection – one digit at a time!
Rawalpindi Chamber of Commerce and Industry (RCCI) on Tuesday welcomed the proposal for collecting single-digit General Sales Tax (GST) which in turn would offer...
6pc additional GST on CNG withdrawn
The Federal Board of Revenue has withdrawn six percent additional general sales tax on CNG.
A notification in this regard was issued by the FBR...
GST ratio on CNG upped to 31%
The Federal Board of Revenue (FBR) has increased the general sales tax ratio on CNG.
According to an official of the Sui Southern and Sui...
