{"id":48905,"date":"2019-02-09T10:00:20","date_gmt":"2019-02-09T05:00:20","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48905"},"modified":"2019-02-11T12:46:59","modified_gmt":"2019-02-11T07:46:59","slug":"scs-verdict-on-taxing-underground-water-challenged","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/scs-verdict-on-taxing-underground-water-challenged.html","title":{"rendered":"SC\u2019s verdict on taxing underground water challenged"},"content":{"rendered":"<p>Islamabad: A review petition has been filed against the Pakistan Supreme Court (SC)\u2019s verdict to impose tax on companies extracting underground water, reported a news source. Gourmet, Nestle and Pepsi filed the review petition.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/blog\/mineral-water-companies-to-pay-wasa-tax.html\" target=\"_blank\" rel=\"noopener noreferrer\">Mineral water companies to pay WASA tax<\/a><\/p>\n<p>Announced on December 6, SC had ordered imposition of PKR 1 per litre in terms of tax. The petitioners mentioned that this will cause irreversible damage to the beverage and bottled water companies. The impact will also trickle down to leave negative impact on country\u2019s economy, they said.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/blog\/wp-admin\/post.php?post=47697&amp;action=edit\" target=\"_blank\" rel=\"noopener noreferrer\">WASA announces amnesty scheme for illegal water connections<\/a><\/p>\n<p>The petitioners further mentioned that imposition of this tax will increase product prices and cause additional burdens on the consumers. As per the SC\u2019s verdict, the companies will also be required to pay income tax of PKR 250 billion, which is practically impossible.<\/p>\n<p>Imposition of these taxes is unjust, said their petitioners while requested the court to nullify the SC\u2019s verdict.<\/p>\n<p>For more information on the matter, stay tuned to Zameen News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A review petition has been filed against the Pakistan Supreme Court (SC)\u2019s verdict to impose tax on companies extracting underground water, reported a news source. Gourmet, Nestle and Pepsi filed the review petition. Read:\u00a0Mineral water companies to pay WASA tax Announced on December 6, SC had ordered imposition of PKR 1 per litre in terms of tax. The petitioners mentioned that this will cause irreversible damage to the beverage and bottled water companies. The impact will also trickle down to leave negative impact on country\u2019s economy, they said. Read:\u00a0WASA announces amnesty scheme for illegal water connections The petitioners further mentioned that imposition of this tax will increase product prices and cause additional burdens on the consumers. As per the SC\u2019s verdict, the companies will also be required to pay income tax of PKR 250 billion, which is practically impossible. Imposition of these taxes is unjust, said their petitioners while requested the court to nullify the SC\u2019s verdict. For more information on the matter, stay tuned to Zameen News.<\/p>\n","protected":false},"author":18,"featured_media":48910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10366,10367],"persona":[],"class_list":{"0":"post-48905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-scs-verdict-on-taxing-underground-water-challenged","8":"tag-pepsi-and-nestle-challenge-supreme-court-decision-on-water-tax"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC\u2019s verdict on taxing underground water challenged - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: A review petition has been filed against the Pakistan Supreme Court (SC)\u2019s verdict to impose tax on companies extracting underground water,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/scs-verdict-on-taxing-underground-water-challenged.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC\u2019s verdict on taxing underground water challenged - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: A review petition has been filed against the Pakistan Supreme Court (SC)\u2019s verdict to impose tax on companies extracting underground water,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/scs-verdict-on-taxing-underground-water-challenged.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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