The Federal Board of Revenue (FBR) has introduced significant changes in the budget, abolishing exemptions and imposing General Sales Tax (GST) on a range of goods. Here are the key changes:
GST Imposed on:
- Milk and Milk Products
- Stationery Items
- Liquefied Petroleum Gas (LPG)
- Poultry Feeds
- Tractors
- Supplies of Electricity to Residential and Commercial Consumers in Tribal Areas
- Newsprint and Books
- Mobile Phones
New Taxes and Rates:
- Personal Computers and Laptops, Notebooks: 10% tax
- Stationery Items: 10% GST on items such as:
- Colours in sets
- Writing, drawing, and marking inks
- Exercise books
- Pencils, sharpeners, markers, pens, ballpoints, porous-tipped pens
- Drawing and mathematical instruments (geometry boxes)
- Supplies and Imports for Tribal Areas:
- 6% tax until June 30, 2025
- 12% tax thereafter on:
- Plant and machinery installations
- Supplies of electricity for residential and commercial consumers
- Oilcake and other solid residue
- Local supply of vermicelli, sheermal, bun, and rusk (excluding those sold in bakeries and sweet shops)
- Local supply of poultry feed, cattle feed, sunflower seed meal, rapeseed meal, and canola seed meal
- Newsprint and books
- Mobile Phones:
- 18% tax for phones not exceeding $500
- 25% tax for phones exceeding $500
- Gypsum Supply: 80% sales tax for registered suppliers
- Waste Materials:
- 80% sales tax on any kind of waste of paper and paper board, plastic waste, crushed stone, and silica
This overhaul in the taxation policy aims to increase revenue by extending GST to previously exempt items and introducing new taxes on various goods.
