ISLAMABAD - The National Finance Commission (NFC) decided on Monday that 80 percent General Sales Tax (GST) collection on services sector accumulated from July-December 2011-12 period would be distributed among provinces on temporary basis till the final formula agreed. Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has chaired the second meeting of 8th National Finance Commission. The meeting has discussed the draft report on the bi-annual monitoring on the implementation of NFC Award from July-December 2011. The Finance Ministers of Punjab and Balochistan provinces did not attend the meeting.The meeting at length discussed GST on services with reference to the position of final distribution of divisible pool. After getting different proposals from federating units, the Finance Minister directed that the 80pc collection made up to December 2011 be distributed among provinces on temporary basis, the provinces unanimously agreed over this decision by the Finance Minister.The other items that came into discussion were Excise Duty on natural gas and royalty to the provinces on natural resources and one percent of Income Tax on account of IT paid out of the federal consolidated fund. While discussion on Gas Development Surcharge the Secretary Petroleum assured the provinces that he can make arrangements for the provinces to check themselves on production in the oil fields in the country. This assurance was made by the Secretary in response to certain reservations expressed by some provinces on the authenticity of the data on production of oil and gas in the country. The meeting was among other attended by the members, Abdul Ghafoor Mirza Punjab, Kaiser Bengali Sindh, Senator Haji Muhammad Adeel Khyber Pakhtunkhwa , Sheikh Jaffar Khan Mandokhail Balochistan, the Provincial Finance Ministers and respective Finance Secretaries, Chairman FBR, Secretary Finance, Adviser to Finance Ministry and other senior officials of Finance Ministry FBR, and NFC Secretariat.