Dawn News

March, 05 2015
e-paper

Replacing GST with VAT

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


Email news tips and feedback to News Desk, submit blogs to Blog Desk and share photos and Videos with Special Projects Desk.

More From This Section

HEC: scholarship criteria

THIS refers to this year’s merit criteria for oversees scholarship batch 6. In batch 5, I applied with a GAT score...

Costly higher education

THE start of this week brought me disturbing news. I reached the Department of Life Sciences in Islamic University ...

Saving Radio Pakistan

APROPOS the editorial (March 1), Radio Pakistan is a symbol of our statehood and nationalism. It should not be...

Comments (1) Closed




Naeem Syed
Jul 28, 2013 04:30pm

So whats the Hold Up then ?