Boxed milk is likely to become more expensive in the next fiscal year’s budget.
Boxed milk become more expensive:
Sources say that the International Monetary Fund (IMF) has directed to impose a phased tax on branded boxed milk.
Tax exemption for branded milk cartons is likely to end and tax exemption for non-branded milk cartons will be retained.
According to the sources, it is estimated that the tax of billions of rupees will be received from the milk companies.
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On the other hand, there is a fear that leaves, sugar, rice, and flour will become more expensive in the budget, and the IMF has demanded a further reduction in the sales tax exemption.
According to the sources, inflation is expected to increase further after the next fiscal year’s budget, the IMF has demanded to end and limit sales tax concessions.
Milk, tea leaves, and sugar are expected to become expensive in the budget, according to sources, packet milk, rice, and flour are also likely to become more expensive in the budget.
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The IMF has demanded that sales tax be imposed on loose tea leaves in FATA and PATA.
The International Monetary Fund (IMF) has called for a 5 to 10 percent sales tax on the zero-rated sales tax sector.