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Harmonization of GST important to ensure ease of doing business: Miftah

Finance Minister Miftah Ismail has said harmonization of General Sales Tax (GST) is important to ensure ease of doing business.

Chairing a meeting of National Tax Council in Islamabad on Thursday, he directed all the stakeholders to work out a mechanism for achieving the purpose of GST harmonization.

During the meeting it was decided that collection of GST on restaurants/hotels and on construction services may be given to provinces. However, the taxation on toll manufacturing and sales tax on goods used in construction shall be subject of FBR. It was also decided that existing mechanism of taxation on transportation of petroleum products shall remain as usual.

Source: Radio Pakistan