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What is RGST ? Impact On The Nation What Political Parties Said About It? Conclusion
The RGST is actually plain old Value Added Tax (VAT) with a new name. Addition of 15 per cent tax on each and every value addition on taxable products.
Everyone will be brought within the tax net. Certain amount of tax will be added at each stage of production. Tax revenue increases. Inflation. Poverty. Standard Of Living.
PML-N leader Mian Nawaz Sharif said, New taxes will put more burden on people. RGST will come up with a flood of inflation . Chief Minister Punjab Mian Muhammad Shahbaz Sharif said, His party will not support RGST.
Founder and leader of the MQM, Altaf Hussain said, Poor people will not pay any flood surcharge or the Reformed General Sales Tax (RGST) .
If not RGST then what««???