Gidc act 2015: Special committee to discuss report

By APP
Published: December 2, 2016
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ISLAMABAD: The Senate Special Committee will discuss implementation of a report on the Gas Infrastructure Development Cess (GIDC) Act 2015 on Friday. Earlier, the body had recommended that the Act should be treated sector-wise and noted that all sectors were ready to pay but not retrospectively. However, the relevant ministry took the stance that the GIDC Act 2015, as passed by parliament, provided that the cess collected by a company from gas consumers under the GIDC Act 2011 and GIDC Ordinance 2014 would be valid under the provisions of GIDC Act 2015. “Therefore, the question of not paying the cess retrospectively does not arise.” The body is in the process of finding a mechanism for identifying the entities/sectors that had collected GIDC from consumers, but did not pay to the government.  The committee was headed by Ilyas Ahmad Bilour.

Published in The Express Tribune, December 2nd, 2016.

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