- Government considering raising GST rate by 1 percent in upcoming budget
- Could yield Rs180 billion in revenue
- Proposal to remove different rates in GST and bring all sectors under standard rate
- Proposed front-loaded program with tough decisions on taxation, raising GST rate by 1 percent
- IMF recommending eliminating zero-rating in GST except for exports, bringing all other goods to standard rate
- IMF seeking to restrict exemptions in Sixth Schedule to only supply of residential property, bring all other goods to standard rate
- IMF seeking removal of reduced rates under Eighth Schedule
Source: thenews.com.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
