Vital information concerning petroleum merchandise

ISLAMABAD: The federal government has additional decreased gross sales tax on petroleum merchandise, decreased gross sales tax on kerosene from 15.44 per cent to 10.07 per cent and light-weight diesel gross sales tax price to three.67 per cent.

In accordance with the main points, the federal government has additional decreased the gross sales tax on petroleum merchandise and issued a notification on this regard. The notification mentioned that the gross sales tax on kerosene has been decreased from 15.44 per cent to 10.07 per cent.

The notification mentioned that the gross sales tax price on mild diesel has been decreased to three.67 per cent, the gross sales tax price on mild diesel was 7.56 per cent however the gross sales tax price on petrol and excessive pace diesel will stay at 17 per cent.

It could be recalled that the federal government had rejected the OGRA abstract and introduced to keep up the costs of petroleum merchandise and mentioned that the federal government would make changes in different taxes together with petroleum levy and gross sales tax.

It needs to be famous that OGRA sends a abstract to the Ministry of Finance each fortnight for fixing the costs of petroleum merchandise, the ultimate approval of which is given by Prime Minister Imran Khan.

Feedback

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *