What is sales tax rate in Pakistan?
Sales tax rates in Pakistan The standard sales tax rate in Pakistan is 17%. Exporters and certain providers of financial services may apply for a Sales Tax suspension. Imports of some basic foodstuffs and agricultural supplies are exempt from import Sales Tax.
What is the tax rate in Punjab?
Vehicle Tax Particulars in Punjab
| Motor Cycles up to 50 C.C | Motor Cycles above 50 C.C | Four Wheelers for Personal Use |
|---|---|---|
| 1.5% of the cost of the vehicle | 3% of the cost of the vehicle | 2% of the cost of the vehicle |
Which state started GST first?
Assam
On 12 August 2016, Assam became the first state to ratify the bill, when the Assam Legislative Assembly unanimously approved it. State Legislatures that ratified the amendment are listed below: Assam (12 August 2016)
When did India abolish VAT?
The Goods and Services Tax (GST), which has replaced the Central and State indirect taxes such as VAT, excise duty and service tax, was implemented from 1st July 2017. In this article, you can understand the differences between VAT and GST and their implications.
What is CST and GST?
The short form of Goods and Service Tax is called GST. CST means Central Sales Tax. GST is charged on goods and services at the end stage of distribution of goods. Many indirect taxes including CST are being eliminated and merged with GST.
Who is dealer under CST Act?
An Auctioneer who caries on the business of selling or auctioning goods belonging to any principal, whether disclosed or not and whether the offer of the intending purchaser is accepted by him or by any principal or a nominee of the principal.
What is the RTO rate in Punjab?
Road Tax for Four-wheelers in Punjab
| Vehicle Age | Up to 4 Seats and 5 Seats | Up to 6 Seats |
|---|---|---|
| Less than 3 years | Rs.1800 | Rs.2100 | Rs.2400 |
| Between 3 and 6 years | Rs.1500 | Rs.1650 | Rs.1800 |
| Between 6 and 9 years | Rs.1200 | Rs.1200 | Rs.1200 |
| More than 9 years | Rs.900 | Rs.750 | Rs.7500 |
What is the RTO tax rate in Punjab?
If the actual cost of the four wheeler is over Rs 15 lakh, the purchaser will have to pay motor vehicle tax of 11% of the actual value of the vehicle. Similarly, if anyone in Punjab now purchases a two wheeler which costs upto Rs 1 lakh, he or she would have to pay motor vehicle tax of 7% of its actual price.