ISLAMABAD – Federal Board of Revenue (FBR) on Saturday has decided toimpose tax on cotton seed.
FBR has suggested to impose Rs6 per 40kgs on cotton seed as sales tax.
According to details, a summary in this regard has also been forwarded tofinance ministry for approval.
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It is to be mentioned here that Supreme Court (SC) had suspended thenotification of price hike due to Federal Cabinet’s disapproval ahead ofby-elections.
