{"id":60397,"date":"2020-01-26T04:30:34","date_gmt":"2020-01-26T04:30:34","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60397"},"modified":"2020-01-26T04:30:35","modified_gmt":"2020-01-26T04:30:35","slug":"single-tax-return-facility-for-provincial-gst-on-services","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/single-tax-return-facility-for-provincial-gst-on-services.html","title":{"rendered":"Provinces to launch \u2018single tax return\u2019 facility for generating provincial GST on services"},"content":{"rendered":"\n<p>Lahore:\nThe provincial tax authorities are expected to launch a single tax return\nfiling system for generating general sales tax (GST) under the federal government\u2019s\nease-of-doing-business initiative, according to news sources.<\/p>\n\n\n\n<p>This single tax return facility, in its initial phase scheduled for launch from this quarter onwards, will be available to the telecommunication industry. The reason for prioritising telecommunication is that provincial GST on telecom services is small in all four provinces, which makes it less prone to concur any issues.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-introduce-single-tax-returns-reform.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR to introduce single tax returns reform (opens in a new tab)\">FBR to introduce single tax returns reform<\/a><\/p>\n\n\n\n<p>The\nsingle tax facility will be soon extended to the banking and insurance sector\nin the existing financial year (2019-20) and in the following fiscal year, the\nfacility will encompass all industrial sectors. <\/p>\n\n\n\n<p>In his briefing to the Lahore Economic Journalists Association (LEJA), <a href=\"https:\/\/www.zameen.com\/news\/?p=60397&amp;preview=true\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Punjab Revenue Authority (PRA) (opens in a new tab)\">Punjab Revenue Authority (PRA)<\/a> Chairman Zainul Abideen Sahi said that all provincial bodies are were set to complete their tasks assigned to facilitate the launch of the single tax return system.<\/p>\n\n\n\n<p>All the four revenue authorities\nalso agreed in principle to introduce single return available on the single\nportal through Provincial Sales Tax Number (PSTN), for providing services across\nthe provincial jurisdictions, he added. Furthermore, he said that one return\ntechnology for Khyber Pakhtunkhwa (KP) will be finalised in the next\nInter-Provincial Committee (IPCC) meeting.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/provinces-seek-representation-fbr-and-pral.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Provinces seek representation in FBR and PRAL (opens in a new tab)\">Provinces seek representation in FBR and PRAL<\/a><\/p>\n\n\n\n<p>The PRA chief said that the aim\nof IPCC is harmonisation of all service legislation to facilitate ease of doing\nbusiness and eliminate inter-provincial disharmonies and address double\ntaxation and transparent reporting issues.<\/p>\n\n\n\n<p>He also disclosed that provincial\nrevenue authorities have also agreed to introduce a negative list of taxable\nservices and that Sindh Revenue Board (SRB) has initiated a study in this\nregard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The provincial tax authorities are expected to launch a single tax return filing system for generating general sales tax (GST) under the federal government\u2019s ease-of-doing-business initiative, according to news sources. This single tax return facility, in its initial phase scheduled for launch from this quarter onwards, will be available to the telecommunication industry. The reason for prioritising telecommunication is that provincial GST on telecom services is small in all four provinces, which makes it less prone to concur any issues. Read: FBR to introduce single tax returns reform The single tax facility will be soon extended to the banking and insurance sector in the existing financial year (2019-20) and in the following fiscal year, the facility will encompass all industrial sectors. In his briefing to the Lahore Economic Journalists Association (LEJA), Punjab Revenue Authority (PRA) Chairman Zainul Abideen Sahi said that all provincial bodies are were set to complete their tasks assigned to facilitate the launch of the single tax return system. All the four revenue authorities also agreed in principle to introduce single return available on the single portal through Provincial Sales Tax Number (PSTN), for providing services across the provincial jurisdictions, he added. Furthermore, he said that&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[15725,15726,15727],"persona":[],"class_list":{"0":"post-60397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-provinces-to-launch-single-tax-return-facility-for-generating-provincial-gst-on-services","9":"tag-gst","10":"tag-pra","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018single tax return\u2019 facility for provincial GST on services - Zameen News<\/title>\n<meta name=\"description\" content=\"Provincial tax authorities are to launch single tax return filing system for GST under the government\u2019s ease-of-doing-business initiative.\" \/>\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\/single-tax-return-facility-for-provincial-gst-on-services.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018single tax return\u2019 facility for provincial GST on services - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Provincial tax authorities are to launch single tax return filing system for GST under the government\u2019s ease-of-doing-business initiative.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/single-tax-return-facility-for-provincial-gst-on-services.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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