How VAT will protect vulnerable groups of the society?
By increasing exemption threshold, decreasing standard tax rate and continuing exemption on basic food items, charities, public sector education and health besides withdrawing imposition of tax on retail price basis, vulnerable groups will continue to be protected. Through acceleration of development process with new VAT receipts, employment opportunities will increase and the overall income level of the low strata of society will progress. Besides, with increase in revenue income, state will be in better position to promote social welfare/wellbeing of the masses.
