Sindh to collect sales tax on services from July 1
Page 1 of 1 • Share
Sindh to collect sales tax on services from July 1
[You must be registered and logged in to see this image.]
KARACHI: The Sindh Assembly unanimously passed the Sindh Sales Tax on Services Bill-2011 into law earlier this month, enabling the government to collect Sales Tax (ST) on services from July 1, which is likely to bring significant revenue to the government’s kitty.
According to sources, Sindh Revenue Board will collect taxes on taxable services including hotels, telecommunication, property buying and selling, courier and airport services.
No new ST on services would be imposed for the time being and Sindh would collect tax on services at the same 16 percent rate, sources added.
The Sindh Government has fixed the target of Rs25 billion for the next fiscal year to achieve.
The 18th amendment of the constitution gives the provinces authority to collect sales tax on services.
KARACHI: The Sindh Assembly unanimously passed the Sindh Sales Tax on Services Bill-2011 into law earlier this month, enabling the government to collect Sales Tax (ST) on services from July 1, which is likely to bring significant revenue to the government’s kitty.
According to sources, Sindh Revenue Board will collect taxes on taxable services including hotels, telecommunication, property buying and selling, courier and airport services.
No new ST on services would be imposed for the time being and Sindh would collect tax on services at the same 16 percent rate, sources added.
The Sindh Government has fixed the target of Rs25 billion for the next fiscal year to achieve.
The 18th amendment of the constitution gives the provinces authority to collect sales tax on services.
Noor Bangash- Monstars
-
Posts : 868
Join date : 2011-07-13
Age : 34
Character sheet
Experience:
(500/500)
Similar topics
» Sindh Tuhanje bhe Aa Sindh Muhanje Bhe Aa - MUMTAZ KANWAL
» Sales Careers
» Rollout Chicken Nest Box - Stop egg eaters and collect clean eggs
» Students Support Services Committee
» Microsoft Office 365 Business - Features and Services
» Sales Careers
» Rollout Chicken Nest Box - Stop egg eaters and collect clean eggs
» Students Support Services Committee
» Microsoft Office 365 Business - Features and Services
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sat Mar 23, 2024 1:08 pm by ali001
» MindCat: Mindfulness, Meditate
Tue Mar 19, 2024 7:35 am by ali001
» Jordan 1 1 ST Firstcopy Shoes
Sat Mar 09, 2024 6:08 pm by ali001
» Frienzy: Travel with Friends
Fri Mar 08, 2024 7:18 pm by ali001
» Frienzy: Travel with Friends
Fri Mar 08, 2024 7:02 pm by ali001
» DUO Decisions: Choose at random
Fri Mar 08, 2024 11:29 am by ali001
» Yodel Community Connections
Wed Feb 28, 2024 12:56 pm by ali001
» Yodel Community Connections
Wed Feb 28, 2024 12:55 pm by ali001
» Live Timeless - Habit Tracker App
Sat Feb 10, 2024 8:33 pm by ali001