APCNGA terms new taxes on CNG industry discriminatory

ISLAMABAD: All Pakistan Compressed Natural Gas Association (APCNGA) on Tuesday said the government of Khyber Pakhtunkhwa (KP) has imposed additional taxes on the ailing CNG sector in the budget 2014-14 that would increase the cost of the fuel and discourage investors. KP government has slapped tax up to Rs 15,000 on owners of CNG filling stations and petrol pumps while another tax of Rs 5,000 per year has been imposed for using generators during the electricity loadshedding which was discrimination, said Pervaiz Khan Khattak central Chairman APCNGA.At a meeting of the executive body of the Association Khattak said the KP government has discouraged the business community of the terror-affected province, which was providing jobs in most difficult circumstances as no other province has slapped any new tax on the limping CNG sector. He said CNG sector has already been paying fees, income tax and sales tax while buying natural gas at highest price, it could not bear any additional burden which would compel us to upward revise prices of the commodity. Extraordinary hike in Gas Infrastructure Development Surcharge in the federal budget will have a negative impact on all the gas consuming sectors, he said. Additional taxes and double taxation will destroy the CNG sector. Khattak said government has been collecting over 26 percent Sales Tax from CNG outlets despite the directives of the Supreme Court to collect 17 percent Sales Tax. He said government has been collecting double taxes while KP has also imposed two new taxes, which would be impossible for CNG owners to absorb forcing them to revise prices. Rejecting struggle to provide cover to illegal sales and income taxes in the budget he said we would be left with no option but to seek intervention by courts if the KP government did not reversed new taxes. 

comments powered by Disqus
  • DailyTimes.Official
  • DailyTimes_DT
  • Rss
Sunday Magazine
Aaj Kal