Tag: Gst

ISLAMABAD: The federal government will not let the provincial governments off the hook if they attempt to politicise the Reformed General Sales Tax Bill in the provincial assemblies, a senior Finance Ministry official said on Saturday.
The official, on condition of anonymity, said the introduction of the reformed GST on goods and services was approved at the meeting of the Council of Common Interests (CCI). The chief ministers had attended the meeting and president of the main

ISLAMABAD: The Pakistan Muslim League-Quaid (PML-Q) will vote against the Reformed General Sales Tax (GST) bill in the National Assembly, PML-Q President Chaudhry Shujaat Hussain said on Saturday.
Addressing a press conference, Shujaat said, "As it is a money bill, any parliamentarian from our party to vote against party policy will be disqualified." He said his party was misled by the Muttahida Qaumi Movement (MQM) as it backed out at the last minute and did not join the PML-Q

LAHORE: Prime Minister Yousaf Raza Gilani on Saturday said he was confident that the National Assembly would adopt the Reformed General Sales Tax (GST) Bill just like the Senate did.
Commenting on the statements of Leader of the Opposition in the National Assembly Nisar Ali Khan on the reformed GST, Gilani said, the government had great respect for him, but if "we as nation expect the world to help us with the money of their taxpayers, the world also expects us to pay taxes and

LAHORE: As a repercussion of the approval of the General Sales Tax by the Senate on Friday, the Pakistan Tehreek-e-Insaaf (PTI) took to the streets, resulting in one of the worst traffic jams.
The traffic, bumper to bumper, took at least half an hour to make its way from the Al-Hamra turning at Mall Road, through Egerton Road to cross over to the other side of the protest rally, that encroached itself in the middle of the city's most important artery.
Irate commuters were

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Qaiser Sheikh, Vice Chairmen Iqbal Baig Chughtai and Shahzeb Akram in a press statement on Friday have denounced the imposition of reformed GST and said that dictation of IMF
and hence imposition of reformed GST would push the already crisis-hit industry to the wall and would lead to a further hike in prices of daily use food items. Prices of medicine would also rise and the common man would severely

KARACHI: The formation of an administrative body for tax collection functions- the Sindh Revenue Board - has been delayed for a year. Simultaneously, the provincial government has delegated the federal government to collect general sales tax (GST) on six major service categories.
The levy will be collected under the auspices of the Federal Board of Revenue (FBR), Pakistan Today has learnt from reliable sources. After much wrangling, consensus was forged on the 7th National

ISLAMABAD: Senators belonging to the parties which opposed the General Sales Tax (RGST) Bill in the Upper House on Friday accused Senate Chairman Farooq H Naek of partiality, saying he does not conduct business of the house according to rules and democratic traditions.
They made these comments talking to reporters outside the Parliament House after the session of the Upper House prorogued for the day. PML-N Senator Ishaq Dar said that the behaviour of the chairman was against

ISLAMABAD: The Reformed General Sales Tax (GST) bill will invite a bloody revolution in the country if it is passed in its present form, Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan said on Friday.
Talking to reporters outside the Parliament House, Nisar said, "We cannot support the bill in present form as it will cause more poverty and inflation in the country. We will also oppose it in the National Assembly's upcoming session."
"We have not

ISLAMABAD: The Senate passed recommendations of the Senate's Standing Committee on Finance on the Reformed General Sales Tax (RGST) Bill 2010 amid rumpus in the House on Friday.
Senate Chairman Farooq Naek clearly supported the number-weak PPP by rejecting the majority view, disallowing a vote on a note of proposal jointly put by the PML-Q, the JUI-F and the MQM. He rejected opposition parties' plea to count the votes, saying the voice vote was uncertain - thus undoubtedly

ISLAMABAD: The PML-Q, MQM, JUI-F and other minor political parties, who have vowed to oppose the Reformed General Sales Tax Bill 2010 in totality, are likely to boycott the voting on the recommendations finalised by the Senate Standing Committee on Finance on Friday, as experts say the parties have no other option left with them.
"These political parties, including my party, the PML- Q, who have decided to oppose the anti-poor bill, will find themselves in a fix when the report

ISLAMABAD: The marathon meetings between the Pakistan People's Party (PPP) and its three coalition partners - the Muttahida Qaumi Movement (MQM), Jamiat-Ulema-e-Islam (JUI-F) and Awami National Party (ANP) - failed to make any headway over support for the controversial reformed General Sales Tax (RGST) Bill.
Although President Asif Ali Zardari held a crucial meeting with ANP President Asfandyar Wali to win his party's support for the bill, no progress could be made. Minister for

LAHORE: The Anjuman-e-Tajran Badami Bagh President Waqar Ahmad Mian has congratulated Khalid Pervaiz, a renowned leader of the business community, for assuming charge as the acting president of All Pakistan Anjuman-e-Tajran and urged him to convene an emergent meeting of traders on the issue of "forced" reformed General Sales Tax (GST).
In a press statement issued on Wednesday, Waqar Ahmad Mian said that the business community was strongly opposing the reformed General Sales Tax

ISLAMABAD: The opposition in the Upper House of parliament on Wednesday stood divided on attending a dinner hosted by President Asif Ali Zardari as 21 Pakistan Muslim League-Quaid (PML-Q) legislators attended the banquet while 13 senators of the PML-Nawaz, Jamaat-e-Islami (JI) and minor parties from Balochistan boycotted the dinner, terming it a ploy to win support for the General Sales Tax (GST).
Those who boycotted the dinner included seven senators from the PML-N, three from

ISLAMABAD: The government's coalition partners, the Muttahida Qaumi Movement and the Jamiat Ulema-e-Islam-F, on Wednesday took a U-turn on their respective stances on the reformed General Sales Tax (GST) bill, with the former endorsing the decisions of the Senate Standing Committee on Finance and the latter opposing the bill in the Senate.
In the Senate body on finance's Wednesday meeting, MQM's Senator Ahmed Ali, who is the chairman of the committee, said that the proceedings on

ISLAMABAD: The federal government has conveyed a tacit message to its allies and opposition parties that it will accommodate their recommendations in exchange for their support to the reformed general sales tax (GST) Bill.
A source told Pakistan Today that the federal government was in contact with its coalition partners and opposition parties to chalk out differences over the GST. "It has been decided to show some flexibility in order to appease the concerns of political parties

ISLAMABAD: Finalising its recommendations, the Senate Standing Committee on Finance has unanimously asked the government to withdraw sales tax on food items, medicine and education-related stationery material, as proposed in the Reformed General Sales Tax Bill 2010.
The committee also asked the government that flood surcharge should not be imposed on people or firms having annual income less than Rs 500,000.
The committee said that all the above-mentioned items were part and

ISLAMABAD: As Finance Minister Hafeez Shaikh on Tuesday told Senate that there was no other option but to implement the agreement with the International Monetary Fund (IMF) on the General Sales Tax (GST), the senators lambasted the government for not controlling corruption in its ranks and taxing the poor instead.
Rejecting the finance minister's sugar-quoted arguments in favour of the GST, the senators termed the new tax 'suicidal' for the already over-burdened people and asked