Notification | BSTS Rates for All Government (Federal & Provincial) Funded Projects/Schemes | Government of Balochistan | Balochistan Revenue Authority | June 2nd 2022
Notification | BSTS Rates for All Government (Federal & Provincial) Funded Projects/Schemes | Government of Balochistan | Balochistan Revenue Authority | June 2nd, 2022
2 اپریل 2022 کے کابینہ/حکومت کے فیصلے کے مطابق؛ بلوچستان ریونیو اتھارٹی نے درج ذیل فارمولے کے مطابق تمام سرکاری (وفاقی اور صوبائی) فنڈڈ منصوبوں/اسکیموں کے لیے موجودہ BSTS کی شرح کو معقول بنا دیا ہے:
Consequent upon a CP NO- 1312/2020 & CP NO. 819/2020 filed before the Honorable Balochistan High Court, coupled with the representation submitted to the Chairperson BRA (Balochistan Revenue Authority) by the Government Contractors Association as to the rationalization of the BSTS (Balochistan Sales Tax on Services); a high powered …Rates Review Committee” headed by the Secretary Finance and ACS (dev), Secretaries, C&W, Irrigation, PHED, Local Government and Chairperson BRA as members was constituted/notified by the Finance Department, with approval of the competent authority (the Chief Minister).
Whereas after deliberations at length through a number of meetings of the committee and given the poor financial health of the province & small tax base/collections; a summary was moved with the consensus of the committee to the government/cabinet to rationalize the existing BSTS rates is 6%, for consideration and decision.
Now, therefore, in pursuance of the decision of the cabinet/government dated 2nd April 2022; the Balochistan Revenue Authority is pleased to rationalize the existing BSTS rates for all government (Federal & Provincial) funded projects/schemes as per the following sharing formula :
- BSTS rates @ 2 % (to be paid by contractors)
- BSTS rates @ 4 % (to be incorporated in PC-I )
- Total BSTS to be deducted a 6 %
These revised rates of BSTS shall be effective w.e.f. 10 July 2022.
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