Low Graphics Site
White bar
.: Latest News :. .: News in Pictures :.
Dawn e-paper
Daily SectionMarker

Misc SectionMarker

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker



Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather




FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Ayaz Irfan Hussain Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story

June 22, 2006 Thursday Jumadi-ul-Awwal 25, 1427





GST levied on active ingredients of pesticides



By Our Reporter


ISLAMABAD, June 21: The government on Wednesday levied general sales tax (GST) on import of all active ingredients of pesticides as well as finished pesticides on fixed value addition of 15 per cent at import stage.

The decision was announced through a sales tax notification of SRO645 of 2006 by superseding the earlier budgetary notification of SRO553 of 2006. Earlier, the government announced GST levy at import stage on finished pesticides.

Under the new notification, sales tax will be applicable on all pesticides, whether manufactured locally or imported, shall be collected at import stage on the import of active ingredients of pesticides as well as finished pesticides on fixed value addition of 15pc at import stage, and thereafter no further sales tax shall be levied or charged on all stages of local supply of all types of pesticides.

However, it was made clear that after payment of sales tax at import stage on 15pc value addition, no manufacturer, wholesaler, dealer, retailer of pesticides shall charge any amount of sales tax on local supply of pesticides.

Through the same notification, the government also notified the list of the active ingredients of pesticides for fixed value addition of 15pc to be subject to 15pc GST. Around 74 active ingredients for pesticides registered by the Department of Plant Protection under the Agricultural Pesticides Ordinance, 1971 (II of 1971), stabilisers, emulsifiers and solvents.






Previous Story Top of Page Next Story

Seprater
Contributions
Privacy Policy
© DAWN Group of Newspapers, 2006