Compressed Natural Gas sector expresses reservations over illegal taxation

Rawalpindi, August 04, 2015 (PPI-OT): Leader of the CNG sector Ghiyas Abdullah Paracha on Tuesday said FBR has been illegally collecting enhanced sales tax and income tax from the CNG sector. The illegal collection of taxes from CNG sector can compromise its ability of operate and serve masses, he said. In a statement issued here today, Ghiyas Paracha said that delay in resolution of the issue of tax will increase problems for all the stakeholders therefore it must be resolved on preference.

He said that Supreme Court had directed the government to slash 26 percent sales tax on the CNG sector to seventeen percent which was not followed. Rather a deceptive formula was introduced which shows the sales tax at 17 percent but its impact on CNG operators is not less than thirty two percent.

The leader of the CNG sector said that some sectors have been exempted from taxes while others are getting relaxations while the CNG sector that pay taxes in advance is being pushed to the wall.
He said that CNG sector wants to pay taxes the way other sectors are paying it which will bring discrimination to an end. Delay in resolution of the issue will further complicate matters for all stakeholders, he warned.

For more information, contact:
All Pakistan CNG Association (APCNGA)
1056-D, First Floor, Satellite Town, Hyderi Chowk,
Said Pur Road, Rawalpindi
Tel: +92-51-4429441, +92-51-4317174
Fax: +92-51-4429461
Web: www.apcnga.org
E-Mail: info@apcnga.org



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