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Sixty major sectors/industries have shown an overall growth of 4 percent in sales tax payments during first half of 2014-15 as compared to the corresponding period of last fiscal year. According to the data compiled here on Thursday, the FBR has analysed a sector-wise comparative report on the sales tax growth during July-December (2014-15) against the corresponding period of 2013-14.
According to the FBR data for 2014-15; the growth in tax payments by oil refinery sector is -8 percent; cigarettes, 3 percent; POL products, -3 percent; natural gas, -11 percent; fertilisers/urea, -10 percent; cement, 7 percent; oil marketing companies, 124 percent; electrical energy, 53 percent; travel by air, 49 percent; concentrates used in beverages, -19 percent; sugar, 14 percent; Liquefied Petroleum Gas (LPG), 167 percent; tea, 7 percent; aerated waters/beverages, 15 percent; motor cars, 131 percent; iron & steel products, 93 percent; food products, -18 percent; scraps of iron or steel (ship) 33 percent; miscellaneous/non-specified, 10 percent; cotton yarn, -3 percent; importer/wholesaler, 17 percent; biscuits, -2 percent; motorcycles, -8 percent; detergents, 29 percent; electrical goods & parts (NOS), 13 percent; storage batteries, 17 percent; services provided by telecommunication sector, -56 percent; auto parts, -5 percent; toilet soap, 46 percent; general order suppliers, 31 percent; paint & varnishes, -2 percent; services provided or rendered, -12 percent; plastic products (others), 6 percent; alcohol, 27 percent; confectionery & bakery product, -9 percent; ready made garments, -1 percent; pickle in oil, 17 percent; fruit or vegetable juices, -21 percent; nylon chips/polyester chips, -12 percent; textile products, 20 percent; paper & paperboard, -27 percent; liquid glucose, 21 percent; services, -37 percent; tyres & tubes, 71 percent; processed fabrics, 16 percent; pesticides, 29 percent; syrups & squashes, -7 percent; ceramic tiles, -4 percent; refrigerators, 24 percent; pharmaceutical products, 12 percent; courier services, 8 percent; electric accumulators & parts, 2 percent; bus tractor truck bodies, -20 percent; insecticides, 30 percent; printing industries/press, 14 percent; creams & polishes for footwear, 9 percent; machinery parts (mechanical), -15 percent; glass bottles, 133 percent; perfumery & cosmetics, -8 percent; and effective rate of sales tax of deep freezers is 12 percent during 2014-15.

Copyright Business Recorder, 2015

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