Monday, July 15, 2024

Budget 2024-25: Sindh Increases GST on Services

The Sindh government has increased the Goods and Services Tax (GST) rate on services from 13% to 15% for the new fiscal year 2024-25, expanding its scope to include several new sectors.

Previously, under the Sindh Sales Tax on Services Act, GST was collected on services provided by restaurants, hotels, wedding halls, management services, airport services, warehouses, and more at a rate of 13%.

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During the presentation of the provincial budget on Friday, Sindh Chief Minister Syed Murad Ali Shah announced the rate increase to 15%.

The Sindh Finance Bill outlines that three new sectors—educational services, hospital and clinic services, and services provided by pet-related establishments—are now subject to GST.

Additionally, the existing list now includes farmhouses along with guest houses, and the category of professional services has been expanded to include medical practitioners and consultants, who will also be subject to the GST.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.
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