GST reforms bill to be presented in parliament for approval

By jazbablog - Tue Oct 26, 8:06 pm

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ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has accorded approval to present GST Reforms Bill in National Assembly (NA) session starting from November, 1 for its approval from parliament.

GST Reforms bill which is being presented in mini bill will be applicable from November, 1. It was to be implemented from October, 1. However the international monetary agencies had shown willingness for its deferment for 3 months in the wake of devastations caused by the floods.

According to Prime Minister House sources FBR through ministry of finance had sent a summary to prime minister for his approval and the prime minister nodded yes on Tuesday. Exported goods will stand exempted from this bill.

The provinces have also agreed over this bill and it will stand implemented across the country simultaneously.