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Print Print edition: 2021-11-12

Sales tax on petrol reduced

Published November 12, 2021 Updated November 12, 2021 11:34am
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ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the sales tax rate from 6.84 percent to 1.43 percent on petrol from November 11, 2021.

According to a notification issued by the FBR here on Thursday, the sales tax rate on high-speed diesel oil (HSD) has been reduced from 10.32 percent to 6.75 percent. Sales tax on kerosene and light diesel oil remained unchanged at 6.70 percent and 0.20 percent, respectively.

Copyright Business Recorder, 2021

FBR HSD

Comments

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WAHEED ABRO Nov 12, 2021 12:06pm
ASALAAM O ALAIKUM RESPECTABLE
0
Leo Nov 12, 2021 01:54pm
Will it benefit common people?
0
Zafar Nov 12, 2021 07:08pm
@Leo, no sir, It will further harm the registered sales tax persons as they will claim lesser amount of GST for now. TABDILI mubarak
0
Zafar Nov 12, 2021 07:10pm
No sir it will further burden the tax payers who are registered in sales tax. Now these individuals/ companies/ manufacturers will be getting lesser amount of GST on their fuel bills
0
Rameez Alam Nov 14, 2021 12:47pm
@Zafar, will they not buy fuel on lesser price?
0
Abdul Jabbar Nov 14, 2021 04:22pm
Good move. This gov is doing its best to reduce the burden on common man.
0
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