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Committee formed to review sales tax on services of indenters

Committee formed to review sales tax on services of indenters

KARACHI: Chairman of Sindh Revenue Board (SRB), Tashfeen Khalid Niaz, while responding to the concerns raised over the imposition of 14 percent sales tax on services of indenters, advised the Karachi Chamber of Commerce and Industry (KCCI) to form a committee to review the imposition of services sales tax on indenters and analyze whether it was rational or not.

Keeping in view the multiplicity and seriousness of the issue, KCCI should form a committee to further discuss the imposition of sales tax on services of indenters and seek solution in the next meeting to be held at SRB Office, he added while exchanging views during visit to the Karachi Chamber.

Advisor tax policy SRB Syed Mushtaq Kazimi, vice chairman Businessmen Group and former president KCCI, Anjum Nisar, president KCCI Iftikhar Ahmed Vohra, senior vice president KCCI Muhammad Ibrahim Kasumbi, former presidents KCCI AQ Khalil, Khalid Firoz and Shamim Ahmed Shamsi, chairman provincial taxes sub-committee KCCI Nasir Maqbool along with KCCI managing committee members and many indenters were present at the meeting.

On the occasion, President KCCI Iftikhar Ahmed Vohra immediately announced to form a three-member committee to be led by either by President KCCI or by senior vice president KCCI Muhammad Ibrahim Kasumbi which will also comprise of vice chairman BMG Anjum Nisar and Former President KCCI Khalid Firoz.

Tashfeen Khalid stated that although they can discuss the issue of sales tax on services of indenters and accordingly give suggestions to Sindh government but the final decision, in this regard, can only be taken by Chief Minister Sindh.

Commenting on concerns expressed by the meeting participants over the issuance of SRB notices to indenters, SRB Chairman said that any suitable reply be sent in response to these notices whereas the SRB Officials will be asked not to act against any indenter until the next meeting between the KCCI committee and SRB thoroughly discuss this matter and come up with a solution, he quoted as saying.

After conclusion of meeting memento were presented to Chairman SRB during his visit to Karachi Chamber of Commerce and Industry.