AIRLINK 75.50 Increased By ▲ 1.00 (1.34%)
BOP 4.73 No Change ▼ 0.00 (0%)
CNERGY 4.18 Increased By ▲ 0.04 (0.97%)
DFML 40.12 Increased By ▲ 0.77 (1.96%)
DGKC 88.80 Increased By ▲ 3.90 (4.59%)
FCCL 22.99 Increased By ▲ 1.09 (4.98%)
FFBL 30.47 Increased By ▲ 0.26 (0.86%)
FFL 9.23 Decreased By ▼ -0.02 (-0.22%)
GGL 10.14 Decreased By ▼ -0.26 (-2.5%)
HASCOL 6.20 Decreased By ▼ -0.13 (-2.05%)
HBL 106.50 Decreased By ▼ -1.75 (-1.62%)
HUBC 140.10 Decreased By ▼ -0.15 (-0.11%)
HUMNL 10.59 Increased By ▲ 0.29 (2.82%)
KEL 4.77 Decreased By ▼ -0.03 (-0.63%)
KOSM 4.39 Decreased By ▼ -0.03 (-0.68%)
MLCF 38.40 Increased By ▲ 0.90 (2.4%)
OGDC 123.60 Decreased By ▼ -1.04 (-0.83%)
PAEL 24.62 Increased By ▲ 0.18 (0.74%)
PIBTL 6.10 Decreased By ▼ -0.10 (-1.61%)
PPL 114.30 Decreased By ▼ -2.10 (-1.8%)
PRL 24.06 Decreased By ▼ -0.54 (-2.2%)
PTC 13.05 Decreased By ▼ -0.08 (-0.61%)
SEARL 59.60 Increased By ▲ 3.61 (6.45%)
SNGP 61.80 Decreased By ▼ -1.18 (-1.87%)
SSGC 9.66 Decreased By ▼ -0.21 (-2.13%)
TELE 7.85 Decreased By ▼ -0.14 (-1.75%)
TPLP 10.07 Increased By ▲ 0.14 (1.41%)
TRG 65.20 Increased By ▲ 0.70 (1.09%)
UNITY 26.90 Increased By ▲ 0.24 (0.9%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
BR100 7,701 Decreased By -17 (-0.22%)
BR30 24,706 Decreased By -71.5 (-0.29%)
KSE100 73,754 Decreased By -108.9 (-0.15%)
KSE30 23,617 Decreased By -74.6 (-0.31%)

The Sindh government has reportedly protested against a decision of Economic Co-ordination Committee (ECC) of the Cabinet regarding the payment of General Sales Tax (GST) to Discos on behalf of farming community, well informed sources told Business Recorder. The ECC, in its meeting on November 20, 2104, decided to charge Rs 10.35 per unit tariff from agriculture consumers except those who are under Quetta Electric Supply Company (Qesco). The ECC also decided that GST will be paid to Discos by the respective provincial governments.
The sources said Hyderabad Electric Supply Company (Hesco) has conveyed to the federal government that the Sindh government has refused to pay the GST on the plea that the decision of the ECC of the Cabinet was taken without the concurrence of the Sindh government.
According to sources, Hesco is of the view that the Sindh government will increase the financial burden of power sector which is already under pressure. Further, the Sindh government still has to pay Rs 301 million on account of GST for the same scheme implemented during 2013-14. The committee approved the proposal moved by the Ministry of Water and Power for allowing extension of subsidy to agriculture consumers @ Rs 10.35 per unit till June 30, 2015.
According to the earlier decision, Ministers of W&P and Finance had decided in a meeting with the representatives of Kissan Ittehad (in August 2013) to subsidise tariff for agriculture consumers whereby the federal government bore the tariff differential subsidy and provincial governments were directed to pay GST. The committee also decided that the GST will be adjusted against the electricity fee payable to provinces. It is also important to mention that during peak hours agri tube wells will not be entitled for power supply.
The amount paid in subsidy will be around Rs 22 billion which was around Rs 18.5 billion last year but the federal government has taken the decision to support farmers; with the help of this decision Punjab has given historic wheat production of 19.470 million of tons during 2013-14. The fuel price adjustment will also be paid by the federal government.

Copyright Business Recorder, 2014

Comments

Comments are closed.