Gst: Businessmen demand review of tax
government review its decision of imposing 16% General Sales Tax (GST) on machinery imports.
ISLAMABAD:
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded that the government review its decision of imposing 16% General Sales Tax (GST) on machinery imports. “The manufacturing and SME sectors should be encouraged to play their due role in national development with peace of mind,” FPCCI Chairman Coordination Raza Khan said while speaking to the business community at the FPCCI Capital Office. “GST on imports of machinery and equipment has put brakes on the expansion and modernisation plans of many industries,” Khan added.
Published in The Express Tribune, July 19th, 2011.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded that the government review its decision of imposing 16% General Sales Tax (GST) on machinery imports. “The manufacturing and SME sectors should be encouraged to play their due role in national development with peace of mind,” FPCCI Chairman Coordination Raza Khan said while speaking to the business community at the FPCCI Capital Office. “GST on imports of machinery and equipment has put brakes on the expansion and modernisation plans of many industries,” Khan added.
Published in The Express Tribune, July 19th, 2011.