Karobar Ki Registration Nah Karanay Walon Ke Gird Ghaira Tang

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Transcript

00:00There has been a tax gap of Rs 3,400 billion in the interest of CSX.

00:04There has been a preparation to harass those who do not register their business.

00:09We will talk more about this.

00:10Shoaib Nizami is with us.

00:11Shoaib, please tell us about this.

00:13Yes, Mr. Mohammad Khalid.

00:14The efforts of the FDI, especially the non-registered businesses after October 1,

00:19against them, especially those who are not registered in CSX,

00:23against them, there are approximately 2.5 million shopkeepers and wholesalers

00:27who will be included in the income tax.

00:30Along with that, they will be registered in CSX.

00:33Point of sale machines will be installed.

00:35Because the expectation or the possibility is that

00:38the government is not getting Rs 3,400 billion in sales tax from this sector.

00:44For this, various types of fines will be imposed.

00:47Those who refuse to register will be fined Rs 10 lakh.

00:51The turnover of Rs 25 crore will also be included in the income tax.

00:57Along with that, those people who are registered in the tax-tory,

01:02their bank accounts will be deposited.

01:04The property will be confiscated.

01:05The connections will be cut off.

01:08Their distribution system will be damaged.

01:11Along with that, the rate of CSX will be tripled.

01:15So, where there is a rate of 18%, when they do not come into the system,

01:20after tripling the rate, they will be harmed from the business.

01:24So that the people who are registered in CSX are at a disadvantage

01:28and those who are not registered are at a loss.

01:30Thank you very much for the detailed information, Shoaib.