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Why ( W H T ) Withholding Tax Deducted on GST amount?

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Why ( W H T ) Withholding Tax Deducted on GST amount?
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Senior Proud Pakistani
Senior Proud Pakistani

Joined: 25 Apr 2009
Posts: 1101
Location: karachi

Why ( W H T ) Withholding Tax Deducted on GST amount?
Why ( W H T ) Withholding Tax Deducted on GST amount & CBR HAVE to educated Tax payer to avoid DOUBLE TAXATION in our country
I want to ask question from the CBR why those people deducted amount on WITH HOLDING TAX besides the invoice amount ( on GST amount which should be eliminated).

For Example if any one supply goods for Rs.100,000 and charged GST ( General Sales Tax ) @ 16% , thus the entire bill for RS.116,000 but my question from all tax payer that only deduct tax @ 3.50 ( for supply of goods ) on Rs. 100,000 which comes to Rs.3,500. The net payable amount to vendor is for Goods Rs.96,500 and GST Rs.16,000 = Total RS. 112,500 RECEIVABLE.

But some time amount of without holding tax also applied on GST amount which is consider as DOUBLE TAXATION AND Traders face problem when they have deducted additional amount in the head of with holding tax and if they go for refund than it is a long and lengthy process.

Request to CBR to educate the all type of tax payer and inform that no withholding tax should apply or deduct on GST amount and only applicable on supply of goods amount, which help traders to get back their entire whole amount of GST and avoid double taxation.

In this regard our strong trade bodies such as FPCCI ( Federation of Pakistan Chamber of Commerce & Industry ) KCCI ( Karachi Chamber of Commerce & Industry ) SITE ( Sind Industrial Trading Estate) should play its due role ( for the benefits of their members ) and form tax refund committee to talk or deal with the CBR / Income Tax if any traders faces problems while getting refunds from the departments.

Yours faithfully

( Ashfaq Sharif )
Wed Feb 24, 2010 6:26 pm View user's profile Send private message Send e-mail Yahoo Messenger
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