CM with­draws GST on ad­ver­tise­ments of news­pa­pers

The Pak Banker - - Front Page -

LAHORE

The All Pak­istan News­pa­pers So­ci­ety (APNS) has hailed Pun­jab Chief Min­is­ter Shah­baz Sharif for with­drawal of the Gen­eral Sales Tax im­posed on the ad­ver­tise­ments of news­pa­pers and pe­ri­od­i­cals in Pun­jab on the re­quest of the APNS.

The APNS dur­ing a meet­ing with Chief Min­is­ter, ap­prised him of the dis­as­trous im­pact of GST im­posed by the Pun­jab Rev­enue Board on Oc­to­ber 06, 2012. The Chief Min­is­ter was also in­formed that the Pun­jab was the only prov­ince that has ex­tended the GST regime to the news­pa­pers and pe­ri­od­i­cals which has badly af­fected the rev­enue sources of the cri­sis-rid­den news­pa­per in­dus­try. The Chief Min­is­ter on the re­quest of APNS an­nounced the ex­emp­tion of news­pa­pers and pe­ri­od­i­cals from the GST in the prov­ince. The no­ti­fi­ca­tion to the ef­fect is be­ing is­sued shortly.

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