NANS backs NASS on communication service tax bill

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National Association of Nigerian Students, NANS, has thrown its weight behind the twin bill on Communication Service Tax, CST, and Unemployed Youths, Elderly and Indigent Sustainability Allowances Trust Fund presently on the floor of the National Assembly.
National President, NANS, Comrade Tijani Usman Shehu made the declaration yesterday during a press briefing in Abuja.
According to him, the decision to support the bill came as a result of an in-depth study, analysis, and series of meetings as well as the nationwide sensitisations on the said bills.
“After an in-depth study, analysis, series of meetings as well as the nationwide sensitisations on the twin bills titled: A bill for an act for the establishment of Communication Service Tax, CST, and for matters connected therewith, and a bill for an act to provide for the establishment of the Unemployed Youths, Elderly and Indigent Citizens Sustainability Allowances Trust Fund and for matters connected therewith, which strictly bothers on Youth and National development.
“The leadership of the National Association of Nigerian Students, NANS, at an extra-ordinary emergency meeting has decided to lend their total support and do all that is within their power and ambits of law to ensure that the two bills are given speedy passage at the National Assembly,” he said.
While commending the National Assembly for coming up with such bills which are purely Youth and National oriented, Comrade Shehu emphatically stressed that the imposed charge of CST will in no small measure benefit the poor masses in the country.
“70 per cent of the total revenue accrued from the CST will be paid into the Federation Account while 30 per cent will be paid into the Unemployed Youths, Elderly and Indigent Sustainability Allowances Trust Fund,” he said.
Shehu also lamented on the illegitimate tax holiday embarked by the telecommunication companies in the country since the advent of …Read More

Source:: Nigerian Pilot