business

June 17, 2021

Senate body rejects uniform GST rate

ISLAMABAD: The senate standing committee on finance has rejected the government’s proposals in the finance bill 2021/22 to apply standard general sales tax rate of 17 percent on gold, diamonds, precious stones, dairy products, bricks, aircraft, plants and machinery, it was learnt on Wednesday.Senator Saadia Abbasi belonging to Pakistan Muslim League set the tone of the senate panel whereby she asked the chairman of the committee to write a dissenting note as she could not approve such...