Monday, August 24, 2009, Ramadan-ul-Mubarak 02, 1430 A.H  
   HOME
   News in English
   News in Urdu
   Program Profiles
   GEO TV
   GEO UK
   GEO USA
   GEO ME
   GEO CANADA
   GEO EUROPE
   GEO JAPAN
   GEO SUPER
   AAG TV
   Corporate Profile
   Tariff
   News Archive
   Contact Us
   FAQ
   Feedback
   GEO CHAT
   GEO SKINS
   GEO RINGTONES
   GEO NewsAlert
   GEO Wallpapers
   Transcripts of Program
   Team GEO
   Exam Results
 
 
 GEO Business
 Govt slashes Sales Tax on sugar by 50pc
 Updated at: 0235 PST,  Monday, August 24, 2009
Govt slashes Sales Tax on sugar by 50pc ISLAMABAD: The government has announced to charge sales tax at the rate of eight per cent on local supplies of sugar by slashing Sales Tax by 50 percent, says a press release issued by FBR here on Sunday.

The announcement has been made following issuance on Sunday of SRO (1)/2009 whereby "sales tax on local supplies of sugar shall be charged at the rate of eight per cent with immediate effect and until further orders".

Previously, the government was charging 16 percent Salex Tax at the rate of RS29/kg, which has now been cut off to 50 percent.

According to the FBR, Rs4.53/kg were being received as Sales Tax on sugar, which will be reduced to Rs2.25/kg.

The FBR press release said the notification will come into force with immediate effect until further orders.
Back     |    Send this story to friend    
 
Share this story!   
 
» GEO Pakistan
MQM concerned over presence of extremists in Karachi
Sharifuddin Peerzada calls on Altaf Hussain
Suicide attack kills 3, hurts 15 others in Peshawar
Seven suspects arrested from Karachi
Two killed, 8 injured in Peshawar suicide attack
   
» GEO World
Tanzania school fire kills 12 girls -police
Mullen says Afghan conflict 'serious and deteriorating'
Europe's biggest lottery-jackpot won
Dialogue between Koreas began after 18 months
Shuttle Discovery launching for ISS trip on Tuesday
   
» GEO Business
Milk price reaches Rs58 per litre in Peshawar
China to become super power in trade, investment: Zardari
Pak enters largest deal to export machinery
Cell phone users witness addition of 1.21 mln
KSE witnesses $10 mln foreign portfolio investment
   
» GEO Sports
NZ squad named for Champions Trophy
Man Utd rout Wigan 5-0 in Premier League
Bolt wins triple gold in World Athletics
US on top with 6 golds in World Athletics
Sri Lanka thrash ailing Kiwis in first Test
   
 
Copyright © GEO TV. All rights reserved.