SIALKOT: Gujranwala Chamber of Commerce and Industry (GCCI) has shown serious reservations on the imposition of sales tax under Services Act by the Punjab government.
Addressing an important meeting of the local traders, industrialists and exporters , the GCCI president Sami Ullah Naeem expressed grave concern over the levy of this sale tax by the Punjab government, saying the business community was much perturbed due to the mounting burden of the already imposed much taxes.
He said that the business community has become much tensed after the levy of sales tax on the services, saying that the national economy was getting weaker day by day as the volume of business is also reducing in the factories due to the imposition of the unjustified taxes as the volume of the taxes is increasing day by day in the country, making it very hard for the businessmen to do business here.
GCCI President Sami Ullah Naeem said that the government should had to take the business community into confidence first before levying this additional sales taxes on services sector, saying that the Punjab government has made all the businessmen and traders as agent after the imposition of Sales Tax on Services Act 2012 and now the imposition of Withholding Rules 2015. He said due to this critical situation, the businessmen have become much perturbed.
He demanded immediate withdrawal of this recently imposed sales tax on services sector in the large interest of the business community, in this regard.
