Punjab Revenue Authority has increased the sales tax on restaurants and service sectors in Punjab, the private media outlet reported on Friday.
According to the details, the authority increased the sales tax from five per cent to eight per cent, and informed the restaurants that it would be applicable immediately.
Punjab Revenue Authority also said that the provincial government will receive an eight per cent tax on every purchase through debit or credit card.
The Punjab government will receive sales tax of eight per cent from Wedding halls, catering services, event management, travel and tour operators, car rental services, fitness centres, apartment complex management, and property dealers.
Punjab Revenue Authority also applied sales tax to architects, warehouses, and cold storage.
In this regard, all relevant business entities have been directed to immediately update their invoicing, billing, and compliance systems in accordance with the new tax rate.
Also Read, Government increases carbon tax on petrol, diesel
Earlier, the federal government had increased the carbon tax on petrol and diesel by Rs5, according to reports on Thursday. The revised carbon tax will come into effect at 12 AM today.
Under the new rates, the carbon tax on petrol and diesel has been raised from Rs2.5 per litre to Rs5 per litre. In addition to this, the government has reduced the petroleum levy to offset the increase.
The details also state that a Rs5 carbon tax has been imposed on high-octane fuel and furnace oil.
