AGL 37.85 Decreased By ▼ -0.30 (-0.79%)
AIRLINK 128.52 Increased By ▲ 3.45 (2.76%)
BOP 7.22 Increased By ▲ 0.37 (5.4%)
CNERGY 4.56 Increased By ▲ 0.11 (2.47%)
DCL 8.26 Increased By ▲ 0.35 (4.42%)
DFML 38.70 Increased By ▲ 1.36 (3.64%)
DGKC 79.95 Increased By ▲ 2.18 (2.8%)
FCCL 32.05 Increased By ▲ 1.47 (4.81%)
FFBL 72.99 Increased By ▲ 4.13 (6%)
FFL 12.26 Increased By ▲ 0.40 (3.37%)
HUBC 109.12 Increased By ▲ 4.62 (4.42%)
HUMNL 14.17 Increased By ▲ 0.68 (5.04%)
KEL 4.97 Increased By ▲ 0.32 (6.88%)
KOSM 7.41 Increased By ▲ 0.24 (3.35%)
MLCF 37.90 Increased By ▲ 1.46 (4.01%)
NBP 70.15 Increased By ▲ 4.23 (6.42%)
OGDC 187.00 Increased By ▲ 7.47 (4.16%)
PAEL 25.10 Increased By ▲ 0.67 (2.74%)
PIBTL 7.40 Increased By ▲ 0.25 (3.5%)
PPL 150.50 Increased By ▲ 6.80 (4.73%)
PRL 25.08 Increased By ▲ 0.76 (3.13%)
PTC 16.95 Increased By ▲ 0.55 (3.35%)
SEARL 81.48 Increased By ▲ 2.91 (3.7%)
TELE 7.49 Increased By ▲ 0.27 (3.74%)
TOMCL 32.55 Increased By ▲ 0.58 (1.81%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.49 Increased By ▲ 0.36 (2.23%)
TRG 56.44 Increased By ▲ 1.78 (3.26%)
UNITY 27.84 Increased By ▲ 0.34 (1.24%)
WTL 1.35 Increased By ▲ 0.06 (4.65%)
BR100 10,442 Increased By 352.8 (3.5%)
BR30 30,751 Increased By 1241.8 (4.21%)
KSE100 97,676 Increased By 3101.5 (3.28%)
KSE30 30,445 Increased By 999.8 (3.4%)

Seeking an end to the never ending dispute on provincial sales tax mechanism and collection on transportation of petroleum products, Ashfaq Tola, President of Tola Associates has submitted a dispute resolution report to the Prime Minister's office.
Recall that sales tax on inter city transportation services is charged under different revenues authorities at varying rates from 13 percent to 16 percent. The report has extensively compared two different revenue collection approaches of fixed and existing sales tax rates.
The author has recommended an option of a fixed sales tax between 5 paisas to 15 paisas to be incorporated into the price of petroleum products, on account of freight services. The report further recommends Ogra to devise mechanism for depositing such sales tax. Furthermore, OMCs have been recommended to be made responsible for charging, collecting and depositing sales tax on the basis of volume supplied.

Comments

Comments are closed.