Highlights: VAT collection from cement, hotels, medicine, cigarettes, gas sectors fall NBR officials noted the decline in LTU-VAT revenue is rare Industry insiders attributed the decline to economic ...
The most notable of the proposed reforms was the extension of the ‘nil tax’ slab to Rs 12 lakh. She stated, “To taxpayers up to Rs 12 lakh of normal income (other than special rate income such as ...