The government collected around Rs 214 billion from petroleum products on account of sales tax (local supply/domestic) during the period of July-April (2015-16) as compared to Rs 234 billion in the fiscal year of 2014-15. According to data submitted by the FBR to the Senate Standing Committee on Finance, around Rs 214 billion sales tax has been collected from three major sectors dealing in petroleum products ie oil refineries, oil exploration and production companies and oil marketing companies (OMCs) in July-April (2015-16).
Oil refineries remained top revenue spinner of sales tax (domestic/local supply) with collection of Rs 136 billion during July-April (2015-16) followed by oil exploration and production companies with total contribution of Rs 46 billion and oil marketing companies Rs 31.6 billion sales tax during this period.
Sector wise collection of sales tax (domestic) for 2015-16 revealed cigarettes contributed Rs 14.9 billion sales tax, cement Rs 22.6 billion, power sector DISCOs Rs 27.040 billion, natural gas Rs 15.102 billion, sugar Rs 10.640 billion, concentrates (beverages) Rs 3.708 billion, food products Rs 11,319 billion, fertilisers/urea Rs 10.671 billion, aerated waters/ beverages Rs 8.534 billion, withholding agent Rs 9.295 billion, Liquefied Petroleum Gas (LPG) Rs 6.69 billion, iron & steel products Rs 7.444 billion, motor cars Rs 7.294 billion, motor cycles Rs 3.392 billion, cotton yarn Rs 3.183 billion, biscuits Rs 3,141 billion and auto parts contributed Rs 2,438 billion as sales tax during July-April (2015-16).
Sector-wise collection of sales tax (domestic) of major commodities during 2014-15 revealed that the POL products, Rs 234.139 billion, natural gas Rs 29.891billion, electricity Rs 25.005 billion, cement, Rs 23.290 billion, fertilizers/urea Rs 22.513 billion, cigarettes, Rs 20.990 billion, food products Rs 12.619 billion, sugar, Rs 11.072 billion, motor cars, Rs 9.284 billion, aerated waters/ beverages, Rs 8.847 billion, miscellaneous/ non-specified, Rs 8.568 billion, services, Rs 8.124 billion, iron & steel products Rs 7.833 billion, Liquefied Petroleum Gas (LPG) Rs 7.619 billion, concentrates used in beverages Rs 5.013 billion, importer/ whole sales Rs 4.638 billion, fruit or vegetable juices Rs 3.664 billion, storage batteries Rs 3.420 billion, motor cycles Rs 3.356 billion, cotton yarn Rs 3.340 billion and items falling under the 'others' category contributed Rs 87.665 billion sales tax during the period under review.
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