Home / Knowledge / News / Tanners trade body opposes 'VAT'
Tanners trade body opposes 'VAT'
24
Nov '09
The Federal Board of Revenue had put a proposal to impose Value Added Tax (VAT) on all categories of industries; however, the Chairman of Pakistan Tanners Association Mr. Gulzar Firoz expressed concern over this proposal.

He said imposition of VAT on all industrial categories might result in withdrawal of the sales tax exemption given to the five major export-oriented sectors such as textile, surgical, carpets, leather and leather goods.

The government exempted these sectors from sales tax to boost exports. Implementing this proposal would take its toll on the exports of the export-oriented industries, specifically, the leather industry, which had already slipped down by 29 percent and can see further decrease, he added.

Mr. Firoz appealed to the government and FBR not to take decisions which could affect the industrial sectors contributing mainly in generating foreign exchange.


Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search