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Online tax collection in Punjab will be online by May 31

LAHORE: Tax collection of all departments in Punjab will be online by
May 31 while the government is looking into all possible tax and non
tax revenue generation measures besides including the private sector
in the resource mobilization committee of province.

Punjab Finance Minister, Makhdoom Jawan Bakhat Hashim chairing the
maiden meeting of the resource mobilization committee here on Thursday
instructed all the departments to submit their resource mobilization
proposals before April while new proposals should be presented instead
of decade old suggestions which were never favorable to the public. He
said the government will also focused on non tax revenue measures
along with tax measures. Furthermore, he instructed the Punjab Revenue
Authority (PRA) to issue the list of exempted services list instead of
list of services on which GST on services applied. This will increase
the scope of the tax collection. He asked for the tax proposals for
municipal services, non transferable property, and agriculture tax.

The meeting was attended by the Punjab Minister for Industry, Commerce
and Trade Mian Aslam Iqbal, Minister Health Dr Yasmin Rashid,
President Lahore Chamber of Commerce and Industry (LCCI) Almas Hayder,
Special Secretary Finance Ali Sherdil, Additional Secretray
Ubaid-ur-Rehman, Chairman PRA Javeed Ahmed, Advisor Faisal Rasheed,
Abdur Rehman, and other official concerned.

Jawan Bakhat said that the government will set aside the all the
political motive and focus towards public friendly tax measures and
take unfavorable decisions for public welfare.

Dr Yasmin Rashid stressed the need of more resources for provision of
health facilities in the future. She said the relief and subsidy
should be given to needy people instead provision of across the board
subsidies.

Aslam Iqbal suggested lower down the government and its ministers’
expenses first for which there was need to reduce the number of
departments and unnecessary expansion of the public sector
departments. He said the public confidence was required for imposition
of new of expansion of existing taxes.

Almas Hayder stressed the need of promotion of public private
partnership, besides bringing the tax collection under on department
instead of number of departments for different taxes. He suggested
withdrawal across the board subsidies.

The minister instructed the finance department to inform the committee
about existing subsidies in the next meeting besides detail
presentation on the existing and new proposed taxes. Furthermore, he
also instructed the PRA and Excise and Taxation department to present
their new tax proposals to the committee separately within three
weeks.

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