The Pakistani authorities have resumed the normal sales tax exemption schemes for the five export-oriented industries including the textile and leather industries.
The Federal Board of Revenue of Pakistan recently issued a notice announcing the cancellation of the 5% General Sales Tax (GST) and the resumption of the collection of raw and auxiliary materials for the supply of unregistered textile and leather exporters. 4-6% GST.
Under this scheme, the Pakistani gins or man-made fiber manufacturing industry will not be required to pay GST for the products it produces, and this measure also applies to projects in the leather industry that include the entire supply chain including import and supply of domestic use, but in its Except for domestic retail leather products.
This tax exemption will apply only to textiles and leather products of importers, traders, manufacturers and exporters registered with the Pakistani sales tax authority.
According to MI Khurram, member of the Executive Committee of Pakistan Textile Mills Association (APTMA) and owner of Comfort Knitwear, there are still some unusual problems that need to be resolved immediately in the new GST adjustment plan.
The Pakistani government is actively pursuing its target of exporting textiles and garments worth 25 billion U.S. dollars by 2015.
The Federal Board of Revenue of Pakistan recently issued a notice announcing the cancellation of the 5% General Sales Tax (GST) and the resumption of the collection of raw and auxiliary materials for the supply of unregistered textile and leather exporters. 4-6% GST.
Under this scheme, the Pakistani gins or man-made fiber manufacturing industry will not be required to pay GST for the products it produces, and this measure also applies to projects in the leather industry that include the entire supply chain including import and supply of domestic use, but in its Except for domestic retail leather products.
This tax exemption will apply only to textiles and leather products of importers, traders, manufacturers and exporters registered with the Pakistani sales tax authority.
According to MI Khurram, member of the Executive Committee of Pakistan Textile Mills Association (APTMA) and owner of Comfort Knitwear, there are still some unusual problems that need to be resolved immediately in the new GST adjustment plan.
The Pakistani government is actively pursuing its target of exporting textiles and garments worth 25 billion U.S. dollars by 2015.
Venetian Blind,Generous Venetian Blind,Wooden Venetian Blind
Meijia Blind And Curtain Creation Ltd. , http://www.dgcurtainrod.com