Tractor Industry Finally Relieved with GST Reduced to 5pct
1/14/2012 10:51:20 AM
ISLAMABAD: The Economic Coordination Committee (ECC) has finally decided to cut the General Sales Tax (GST) on tractors to 5 percent from 16 percent, on Friday to stimulate the demand of tractors in the country.
Earlier, the sales of tractorsdwindled steeply after the imposition of 16 percent GST as it made the tractor costlier for the farmers who are also suffering from high fertilizer prices and low commodity prices of their produce.
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