Internet Tax imposed by Punjab Government
From the Blog smartchoice In a sudden move before budget 2015-2016, Government of Punjab imposed 19.5% internet tax on broadband services. Through Punjab Sales Tax on Services Act 2012 the government stands to gain millions within the month of June through this tax. The tax will be applied on broadband services, both residential as well as mobile, where total bill is above Rs. 1,500/ and where internet speed if above 2 Mbps. This is similar to the tax already applied in Sindh by provincial government for fiscal year 2014-2015. The tax will be applicable from May 29th, 2015 and following will be exempted according to the notification: - Internet provided to educational institutions via dedicated lines for educational and research purposes - Student internet packages (verified purchase by a stupakistanblogs.blogspot.comRead Full Post
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