KARACHI: Ten times raise has been made in the sale tax of gold and the FBR has sent notices for recovery of sales tax in this regard.
All Pakistan Sarafa Association President Haji Haroon Chand said that FBR has sent sales tax notices to gold sellers in which sales tax has been raised ten times. The FBR has imposed Rs 8,500 sales tax per tola which was earlier just Rs 50.
The people attached with Sarafa Bazaar said that the FBR’s recent step has badly affected gold trade and gold would be out of the reach of common man. The jewellers association has contacted FBR in this regard.
