Electricity, gas commercial tariff hike in offing
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Electricity, gas commercial tariff hike in offing
by Noor Bangash Thu Sep 15, 2011 2:04 pm
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KARACHI: Federal Board of Revenue (FBR), while giving its inputs in the preparation of the incoming federal budget, has suggested an outright 30 percent increase in the General Sales Tax (GST) on commercial bills of electricity and gas, Geo News reported.
According to the FBR sources, the increase in tax will be applicable to the electricity and gas bills of non-tax registered manufacturers, retailers and restaurants that can yield up to six billion rupees.
However, it has been advised to retain 17 percent GST on registered manufacturers, retailers and restaurants in the new budget.
The sources also told that strict action will be taken against tax defaulters and non-tax registered sectors in the new fiscal year.
KARACHI: Federal Board of Revenue (FBR), while giving its inputs in the preparation of the incoming federal budget, has suggested an outright 30 percent increase in the General Sales Tax (GST) on commercial bills of electricity and gas, Geo News reported.
According to the FBR sources, the increase in tax will be applicable to the electricity and gas bills of non-tax registered manufacturers, retailers and restaurants that can yield up to six billion rupees.
However, it has been advised to retain 17 percent GST on registered manufacturers, retailers and restaurants in the new budget.
The sources also told that strict action will be taken against tax defaulters and non-tax registered sectors in the new fiscal year.
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