Saturday, March 13, 2010
Exporters not consulted over VAT: Towel manufacturers
5:05 PM | 
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KARACHI: Towels Manufacturers’ Association said the exporters were not consulted over Value Added Tax, Geo News reported Saturday.
According to a statement issued here from the Association, the production cost will soar up as a result of promulgation of the VAT.
The statement said Federal Board of Revenue (FBR) should hold negotiations with the Association before implementing the VAT, so that reservations over the Tax could be dispelled away and any potential harm to the national exports could be spared.
According to a statement issued here from the Association, the production cost will soar up as a result of promulgation of the VAT.
The statement said Federal Board of Revenue (FBR) should hold negotiations with the Association before implementing the VAT, so that reservations over the Tax could be dispelled away and any potential harm to the national exports could be spared.
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