Sindh Revenue Board (SRB) achieved another milestone by collecting Sindh sales tax of Rs 42.485 billion during the financial year 2013-14, which includes the figure of Rs 3.089 billion of Sindh sales tax which was inadvertently and incorrectly deposited by the taxpayers with FBR.
The collection of Rs 42.485 billion during 2013-14 represents an increase of 8.832 billion or (+) 26.25 percent over the collection of Rs 33.653 during 2013-14. Another milestone was also achieved by collecting sales tax of Rs 4 billion during the month of June 2014, which represents the highest ever collection during any month since July 2011.
It is pertinent that SRB started collecting Sindh sales tax on services from July 1, 2011, before which Sindh sales tax on services was collected by FBR. As against the Sindh sales tax collection of Rs 15.356 billion by FBR during 2010-11, the revenue of Rs 42.485 collected by SRB during 2013-14 represents an increase of Rs 27.129 billion or (+) 176.67 percent.
SRB attributes this milestone performance and success to the continued trust, confidence and co-operation of its taxpayers, to the extraordinary devotion and dedication of SRB staff and to the continued support that it received from Sindh Government. SRB is committed to continue making relentless efforts and also to continue assistance and facilitation to taxpayers with a view to achieving the ambitious target of Rs 49 billion for the year 2014-15.-PR
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