Governm+ent approved to impose 25% GST on more than hundreds luxury items on Wednesday.
\nTaxes on luxury items may increase 60 to 70 billion income to national revenue.
\nIncrease in sales tax from 17 to 18% has also been decided. One percent increase in sales tax will burden people more than 50 billions.
\nFederal Board of Revenue (FBR) has increased GST on all imported luxury items which was banned by Trade minister few month earlier.
\nSuggestion also made to increase GST on some indigenously produced luxury items.
\nDue to International Monitory Fund (IMF) obstacles government postponed flood levy imposition.
\nDue to high taxes on cigarettes illegal trade is continues. It adds 100 billion lose to national exchequer.
\nFBR immediately imposed excise duty on cigarettes. Notification has been made public. 16500 PKR will be added to the cigarettes of Rs-9000. One thousand less price cigarettes will have to pay 5500 Pkr as excise duty.
\nGovernment wants to make agreement with IMF until tomorrow evening.
\nSales tax will also increase on air tickets.
\nAccording to notification, sales tax increased on all packed items. Edible oil, Biscuits, Jam, Jelly, noodles every got expensive.
\nChildren\u2019s Toys, Chocolates, Beverages and toffies: tax rises on everything.
\nSales tax also increased to 18% on shampoo, cream, lotion, soaps, toothpaste, hair colors, hair remover cream, Gel, hair siram along with shaving cream, shaving foam, shaving gel, and shaving bladders.
\nElectronics including TV, LED, LCD, mobile phones, Jiucers blanders, shakers and other machinery also went high price due to sales tax increase to 18%.
\nVehcils\u2019 shampoo, creams and other items taxes including perfumes prices also added 18% sales tax.
\nEnds\/Online<\/p>\n","protected":false},"excerpt":{"rendered":"
Governm+ent approved to impose 25% GST on more than hundreds luxury items on Wednesday. Taxes on luxury items may increase 60 to 70 billion income to national revenue. Increase in sales tax from 17 to 18% has also been decided. One percent increase in sales tax will burden people more than 50 billions. Federal Board […]<\/p>\n","protected":false},"author":2,"featured_media":313928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-313907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n