Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: After abolition of zero-rated tax regime under SRO 1125, purchases (whether through imports or domestic supplies) in textile sector were subjected to sales tax @ 17% and the inputs…
Textile Exporters are annoyed and distressed in the wake of highest ever liquidity crunch being faced due to imposition of 17 percent GST whose refunds are excessively delayed by the…
Textile Exporters are highly perturbed over excessive and unreasonable delays in GST refunds which has been continuously causing liquidity problems from July 2019 when 17% GST was imposed by the…
Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback…
Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback…
The textile exporters have urged the Prime Minister to restore the “zero-rating on sales tax – “No Payment No Refund Regime” by revival of SRO 1125” for the export-oriented sector.…
Government’s Economists & Financial Managers expertise and knowledge have failed due to lack of practical exposure towards the industry and businesses as well as recession caused by pandemic like COVID19.…
KARACHI: The export-oriented value-added textile sector has flayed the sudden devaluation of Pak rupee stating such exorbitant devaluation will increase the import bill of the country and open floodgates of…