FBR decide to impose tax on Cotton seeds

FBR decide to impose tax on Cotton seeds
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ISLAMABAD – Federal Board of Revenue (FBR) on Saturday has decided to impose 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 to finance ministry for approval.

It is to be mentioned here that Supreme Court (SC) had suspended the notification of price hike due to Federal Cabinet’s disapproval ahead of by-elections.

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