Government aims to collect Rs 250 billion in retail tax to bridge the Rs 604 billion revenue gap

The government aims to collect Rs. 250 billion in retail tax to reduce the Rs. 604 billion revenue shortfall. A special committee, led by the law minister, is reviewing taxation policies to ensure fair collection and address compliance issues in the retail sector. Officials are identifying loopholes, enforcement challenges, and trader resistance to improve tax enforcement. A detailed report will be prepared within three weeks. Authorities stress that a fair tax system is vital for economic stability, urging businesses to comply with new tax rules to boost revenue and support growth.

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