Related Keywords: and shortage of certified seed, applicable on import of cotton, cotton target set for next season, government proposes imposition of, import and supply of plant and machinery, on cotton, Pakistan upcoming budget, rains/floods, revised due to water shortage, standard sales tax, to generate revenue
The government of Pakistan in the upcoming budget 2015-16 has proposed imposition of standard sales tax on cotton with a view to generating about Rs 50 billion revenue. Currently, sales tax exemption is available on local cotton a 5 percent sales tax is applicable on the import of cotton.
