The CBR collected Rs 195.1 billion against Rs 166.7 billion collected in July-October 2004-05, showing improvement of Rs 28.4 billion.
According to provisional figures released on Monday, the CBR has already surpassed the revenue collection target of first four months of current fiscal year. Tax managers are confident that the overall collection will further increase when the revenue figures for October 2005 are finalised in the next few days.
With the exception of federal excise duty, there has been double-digit growth in the remaining three revenue heads.
During the period under review, collection from direct taxes has reached Rs 57.8 billion, showing a growth of 19.2 percent. An overall growth of 21.1 percent has been observed in sales tax.
While import stage sales tax receipts have increased by 16 percent, domestic sales tax collection has increased by a healthy 30.1 percent over the corresponding period of last year. Consequently, the overall sales tax collection has reached Rs 84.9 billion against the target of Rs 80.0 billion during July-October 2005-06.
The collection on account of customs duty has gone up to Rs 37.7 billion against Rs 32.6 billion of last year, indicating a growth of 15.7 percent. Collection under the head of federal excise duty (FED) has reached Rs 14.7 billion.
The provisional collection of October, 2005 stands at Rs 43.0 billion with the break-up of Rs 21.9 billion as sales tax, Rs 9.0 billion as customs, Rs 2.5 billion as federal excise and Rs 9.6 billion as direct taxes.