General Sales Tax
ISLAMABAD: Prices of petroleum goods are likely to increase by Rs. 2 to 3 from the first of November, ARY News reports citing sources.
ISLAMABAD: Highlighting the relief measures during his budget speech on Tuesday, Finance Minister Ishaq Dar said government has decided to withdraw (Federal Excise Duty) FED from those provinces which have imposed General Sales Tax (GST) on Telecom Services, ARY news reported. The Minister said that in areas where FED shall continue to be collected, the rate is proposed to be reduced from 19.5 per cent to 18.5 per cent adding that government has been decided to reduce the rate of Withholding Income Tax on telephone services…