Advertisement
News

Budget 2024-25: Sindh Increases GST on Services

Advertisement

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%.

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.

Advertisement
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.

Recent Posts

Azizi Unveils Burj Azizi the World’s Second-Tallest Tower in Dubai

Dubai’s Azizi Developments has launched sales for Burj Azizi, a 725-meter skyscraper set to become…

1 hour ago

Connecting Leaders, Creating Opportunities: Dun & Bradstreet deepens synergy with business community at networking round table

Dun & Bradstreet Pakistan organized an interactive discussion with business leaders from across the country.…

1 hour ago

SBP Grants License to Wemsol for Digital Payments Operations

The State Bank of Pakistan (SBP) has issued a license to M/s. Wemsol Private Limited,…

3 hours ago

Italian Design Day 2025 in Karachi Showcases Innovation and Sustainability

The Consulate of Italy in Karachi marked the 9th edition of Italian Design Day (IDD)…

4 hours ago

Sahir Hasan and Mustafa Amir Among Key Players in Drug Network with Dark Web Links: Investigators Alleges

Investigators have alleged that both victim Mustafa Amir and suspect Sahir Hasan were key players…

5 hours ago

Water Pipeline Damage Closes Karachi’s University Road Portion, Disrupts Traffic

A section of Karachi’s University Road was closed to traffic on Monday after a water…

5 hours ago