THIS refers to Mubarak Hussain’s letter (July 1) with regard to replacement of General Sales Tax with Value-added Tax.

The proposal is practical and enhances tax recovery. Further it leads to documented economy.

For the purpose of recovery of VAT, an infrastructure will be made in this regard and a statute under the title of ‘VAT Payers Registration Act or Ordinance’ may be promulgated according to which retailers, suppliers, and all other institutions/companies/professionals will be registered without any slab(s) and exemptions.

A proposed “VAT’s Accountants (Registration) Act or Ordinance” is also suggested to be enforced, according to which every VAT payer will furnish/submit his return(s) through registered VAT accountants and there will be no direct access of tax recovery officials to the VAT payers to avoid complications.

The proposed ‘VAT Accountants’ registered and/or licensed under VAT Accounts (Registration) Act or Ordinance will appear before the Tax department(s) and maintain the book of accounts etc on behalf of their clients (the payers).

More than 30,000 unemployed graduates will get jobs due to the enforcement of such statute(s) and proposed schemes and the ingredient of losses in the annual national budget will drastically come down.

SAALIM SALAM ANSARI Karachi

Opinion

Editorial

Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...