Home / Knowledge / News / Textiles / RGST facing opposition from five zero-rated export sectors
RGST facing opposition from five zero-rated export sectors
09
Dec '10
The government's decision of passing the Reformed General Sales Tax (RGST) Bill 2010, from the Parliament, has caused the representatives of the five zero-rated export sectors to contest the same. As and when the RGST becomes effective, it would give the FBR officials a free rein to raid any of the exporting units they like, said Zubair Motiwala – Chairman of the Council of All Pakistan Textile Associations (Capta), while speaking at a joint press conference, of the five zero-rated exporting sectors, held at PHMA house.

The value-added textile sector, surgical instruments manufacturing sector, leather and carpet manufacturing sector as well as sports goods producing sector have been included in the zero-rated exporting sectors.

The Capta Chairman expressed disbelief about the tax refund system put forward by the government under the RGST, which is likely to become effective as soon as the RGST bill passed by the Parliament takes the form of a law. He said that, under the new system, 90 percent of the capital of the export units would remain blocked with the tax collectors as refunds.

He contended that, the government failed to fulfil the promises that it had made during the past six months regarding the RGST, and is now asserting that the zero-rated regime too would continue to back the five sectors. Further, while voicing his disbelief, he said that the government is unreasonably adamant on introducing the new software which still has not been tested or the computerised system for RGST refunds.

Meanwhile, the Chairman of the Pakistan Carpet Manufacturers and Exporters Association, Tanveer Muzaffar, also appealed the government to extend the 2005's system of "no payment and no return". He, too, added that imposition of the proposed tax system would cause many of the ongoing businesses to shut down.

Further, the Co-ordinator of the Value-added Textile Forum, M. Javed Bilwani, has warned that if the RGST is imposed then all the zero-rated exporting sectors would resort to strike.

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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