- National Grid Company (NGC) is seeking exemption from the 3% VAT on imported machinery and equipment for its development projects.
- NGC argues it qualifies for exemption under the Sales Tax Act but continues to face VAT charges from Customs authorities.
- The company highlights the financial strain caused by the VAT and requests support from the Power Division for both an amendment to the law and interim relief.
- NGC’s request is part of broader efforts to address inefficiencies in the transmission sector following its restructuring from NTDC.
Source: profit.pakistantoday.com.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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