Guidelines on Value Added Tax, Additional Duty, and Excise Duties following the enactment of Ordinances amending the Value Added Tax and Supplementary Duties Act, 2012, and The Excises and Salt Act, 1944

The Value Added Tax and Supplementary Duties Act, 2012, and The Excises and Salt Act, 1944, have been amended by two ordinances with the aim of achieving revenue targets and enhancing the tax-GDP ratio. The changes include adjustments to supplementary duty rates, revisions to air ticket excise duties, and the alignment of reduced tax rates with standard rates in certain cases. Related notifications have been updated to reflect these amendments.