Increased taxes on CNG industry rejected: APCNGA

 

The All Pakistan CNG Association (APCNGA) on Tuesday rejected an increase in taxes slapped on the CNG sector in the recently-announced budget and called for its immediate reversal.

Tax on the CNG outlets have been increased which will result in problems for the CNG operators and masses; therefore, the government should review its decision and retract the move, said Ghiyas Abdullah Paracha, central chairman of All Pakistan CNG Association (APCNGA).

Paracha said that CNG station owners continued to pay four per cent withholding tax and twenty-six per cent sales taxes on the amount of gas consumed, he said.

Paracha said that now the method to calculate withholding tax has been changed and it is being imposed on the amount of consumed gas and the sales tax applicable to it.

Paracha said that apart from the gas bills, changes have been made in the electricity bills. The government will continue to get withholding tax on power bills but now it will not be adjustable.

Must Read