Summary SC will announce verdict on suo motu notice taken on one percent raise in the GST.
ISLAMABAD (Dunya News) - The Supreme Court will announce it verdict on one percent raise in the General Sales Tax (GST) today.
A three-judge bench of Supreme Court, headed by Chief Justice Iftikhar Muhammad Chaudhry, has reserved its judgment on Thursday a suo motu notice regarding imposition of additional one per cent General Sales Tax and increase in prices of petroleum products.
During the course of proceedings, Salman Akram Raja, the counsel for Oil and Gas Regularity Authority (Ogra), told the bench that under Article 63 (A) no treasury member could oppose the proposed recommendations of the Finance Bill 2013 due to which the proposed increase of the GST from 16 to 17 percent was passed on to petroleum product prices.
Giving his remarks, Chief Justice said that the court had nothing to do with the imposition of a tax but had concerns on the procedural mechanism employed to implement GST increase from 16 to 17 percent.
