14 of the Third Schedule of the Sales Tax Act 1990, an 18pc sales tax is being applied on imported tea....
Black tea, he said, should be treated as raw material and sales tax should accordingly be based on the import value as per Subsection 46( f) of Section 2 of the Sales Tax Act 1990 rather than the MRP.If this trend continues, the PTA chief fears that a substantial portion of the revenue will be lost by the end of the current fiscal year. Published in Dawn, December 7th, 2024....
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2024-12-07 00:00:00.0