Budget 2016-17 Business

Business community terms federal budget as inflation-prone

Latest Update: June 6, 2016 | 149 Views
Inflation

KARACHI: Business community and tax experts have termed the federal budget 2016-17 as inflation-prone budget.

Tax experts Adnan Mufti said the government had taken no initiative for facilitation but made cosmetic changes in that budget, which would increase inflation.

Mufti added that taxpayers from service sector would again face hardships as government through that budget had disallowed input tax adjustments for service sector.

Mufti further said initiative taken by the government to avoid fake and flying invoices would also create difficulties for the buyers.