The Central Board of Revenue (CBR) has so far collected Rs 536.4 billion in the July-April (2005-06) period, against Rs 451.1 billion collected in the same period of last fiscal year, reflecting an increase of 18.9 percent.
According to the provisional figures issued on Saturday, direct tax collection amounted to Rs 162.95 billion against Rs 132.95 billion, showing an increase of 22.6 percent. Indirect taxes collection stood at Rs 373.45 billion against Rs 318.17 billion, showing an increase of Rs 55.282 billion.
The CBR has to collect Rs 153.6 billion in the remaining two months-May and June--to achieve the target of Rs 690 billion, ie Rs 76.8 billion in each.
Sales tax collection amounted to Rs 226.01 billion during this period against Rs 186.81 billion of last year, showing a growth of 21 percent.
GST collection at import stage was Rs 133.8 billion against Rs 118.5 billion, showing an increase of Rs 15.3 billion. Sales tax collection on domestic consumption was Rs 92.2 billion against Rs 68.3 billion with a growth of Rs 23.9 billion.
The collection of customs duty was Rs 104 billion in July-April 2005-2006 against Rs 89.75 billion collected in the same period of last year, indicating a growth of 15.9 percent.
The collection of Federal Excise Duty (FED) was Rs 43.4 billion against Rs 41.6 billion, showing an improvement of 4.3 percent.
Latest tax-wise details show that the CBR paid Rs 69.91 billion as refund/rebate to exporters during the period, against Rs 83.11 billion of last fiscal year, showing an increase of Rs 13.2 billion.
The Board paid Rs 29.04 billion as GST refund in July-April 2005-2006 against Rs 47.86 billion with a decrease of Rs 18.82 billion. The payment of sales tax refund at the import stage was Rs 85 million against Rs 46 million reflecting an increase of Rs 39 million. The domestic refund stood at Rs 28.96 billion against Rs 47.81 billion paid in the same period last fiscal year.
The customs department paid Rs 15.67 billion as rebate/duty drawback against Rs 13.14 billion showing an increase of Rs 2.53 billion.
Direct taxes refund totalled Rs 24.95 billion during the ten months of current fiscal year, against Rs 22.06 billion. The collection during April so far has been Rs 46.5 billion (excluding last day collection).
Following is the monthly break-up of individual taxes: Sales tax Rs 23.6 billion; customs duty Rs 9 billion; direct taxes Rs 10.2; and FED Rs 3.7 billion. During April, the CBR paid refund/rebates of Rs 4.5 billion including Rs 2.22 billion as sales tax refund.
Comments
Comments are closed.