Pakistan Cotton Mill Association Objected To The Levy Of Revised General Sales Tax.
Pakistan
The cotton mill Association (PCGA) objected to the revised general.
The Standing Committee of the Senate decided to approve the RGST, but they faced strong opposition from various groups. Some people believe that the bill was approved by some opposition members.
At present, a ginning enterprise pays about 77,32000 rupees a year if it is collected.
RGST
The annual tax will be increased to 88 million 88 thousand rupees, which will force the cotton rolling enterprises to go bankrupt.
If Pakistan's 1200 cotton ginning enterprises fail, there are no other enterprises in China that can replace the ginning, packaging and processing enterprises. Oil crushing plants, oil separation plants, cottonseeds and cottoncake sales will all be devastating.
PCGA warned that if legislators tried to impose such taxes arbitrarily, ginning merchants had no choice but to firmly defend their right to exist.
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