Apart from keeping standard General Sales Tax (GST) at 17 per cent, the government would likely to eliminate tax exemptions on fertilizers, pesticides, pharmaceutical, poultry feed, tractors and others under the Plan-B against Reformed General Sales Tax (RGST) in the upcoming budget 2011-2012. As agreed with International Monetary Fund (IMF), the government would adopt Plan-B against the non-introduction of RGST in the annual budget for next financial year. The government would keep standard GST at 17 per cent that goes up to 25 per cent on different items. Similarly, government would have to eliminate the tax exemptions and zero-rated facility in the finance bill 2011 as committed with the IMF. While in Reformed General Sales Tax, the GST was to be down to 15 per cent and it would be unique rate for all sectors. Reportedly  the government has already eliminated several tax exemptions in March by announcing mini-budget for stabilisation of the economy. However the government would include all such tax exemptions measures in the finance bill 2011. Full story