LAHORE: Punjab government has decided to bring the online car dealers and sellers in the tax net likewise car dealers in the province.
The decision was taken at a meeting jointly presided over by Punjab finance minister Hahsim Jawan Bakhat, trade minister Aslam Iqbal and Excise and Taxation minister Hafiz Mumtaz with the Lahore Car Dealer Association here on Wednesday.
The ministers mostly agreed with the complaints of the car dealers. However, they mentioned that an adverse economic situation affected the government revenue stream, but the situation was improving now.
The government side agreed to reduce the duration for tax returns filing for the car dealers.
“A mobile application is being launched soon for tax returns filing and automation of taxation system. Olx and other companies are modern era era entities, while the taxation departments are operating manually. Soon the online car dealers and sellers would be brought into the tax net,” Mr Bakhat said.
He said the government’s taxation system was being updated with the help of modern technologies, while the federal government had already introduced the E-commerce concept which was being implemented in the Punjab as well.
The minister made it clear that General Sales Tax on services was imposed by the Punjab Revenue Authority (PRA) on dealer’s commission only. He assured the dealers that their demands would be seriously considered and the PRA’s complaint cell would be made effective to address their grievances.