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Govt defers fixed tax on electricity bills for one year

August 04, 2022 (MLN): The federal government has deferred the fixed tax regime on electricity bills for one year on the demand of traders, Federal Minister for Finance and Revenue Mr. Miftah Ismail, and Federal Minister for Power Mr. Khurram Dastgir Khan on Thursday informed.

The aforesaid development came after the successful negotiations between government officials and the business community.

To recall, after the imposition of General Sales Tax (GST) on the current electricity bills for retailers, traders across the country recorded their protest. They were of the view that the GST of Rs6,000 is a total injustice.

This news came hours after the Ministry’s rejection of the news pertaining to the withdrawal of taxes on electricity bills amidst strong protest by traders.

“Regarding news being released by some media channels that Govt has taken back the decision of tax on electricity bills, it is clarified that there is no authenticity in such news and no decision has so far been taken by the government,” the statement issued by Finance Division earlier said.

 However, talks are been held with traders and the business community on taxes on electricity bills, it added.

Copyright Mettis Link News

Posted on: 2022-08-04T23:51:40+05:00

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