The sources said the government had decided to slap 17% GST on at least 140 types of consumable goods and industrial machinery to raise Rs353 billion worth of taxes. About six dozen items will be charged at 17% sales tax rate at their import stage. The government is now proposing zero sales tax for the pharmaceutical sector for the documentation of the supply chain. Similarly, the machinery for renewable energy including solar, wind and nuclear power generation will also attract 17% sales tax. To generate another Rs9 billion, the government has decided to slap 17% sales tax on the local supplies of one dozen items.

Source: The Express Tribune December 17, 2021 09:16 UTC