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  • Mar 21st, 2006
  • Comments Off on Rs 10.6 billion more tax collected during July-February
The Central Board of Revenue (CBR) collected Rs 419.312 billion during July-February (2005-06) against the target of Rs 408.7 billion, reflecting an increase of Rs 10.612 billion.

According to the final figures released on Monday, the collection of Rs 419.312 billion in eight months of current year is Rs 78.329 billion higher than Rs 340.983 billion collected in the corresponding period of 2004-05.

The latest tax-wise details of July-February 2005-06 show that direct tax collection was Rs 124.903 billion against the target of Rs 115.7 billion, showing an increase of Rs 9.203 billion.

The indirect taxes collection is Rs 294.409 billion in July-February 2005-06 against Rs 244.659 billion collected in the corresponding period of last fiscal tear, showing an increase of Rs 49.75 billion.

Sales tax collection is Rs 178.518 billion, against Rs 145.172 billion collected in the same period of last year, showing an increase of Rs 33.346 billion. The GST collection at import stage is Rs 106.099 billion against Rs 91.967 billion, reflecting an increase of Rs 14.132 billion. The sales tax collection on domestic consumption is Rs 69.041 million against Rs 53.205 million, with a growth of Rs 15.836 billion.

The collection of customs duty is Rs 80.729 billion in July-February 2005-06 against Rs 68.0 billion collected in the same period of last year, indicating a growth of 18.8 percent.

The collection of federal excise duty (FED) is Rs 32.501 billion against Rs 31.516 billion, showing a decrease of Rs 0.985 billion.

As per data, the CBR paid Rs 54.998 billion as refund/rebate to exporters during the period under review against Rs 64.280 billion in the same period of last year, showing a decrease of Rs 9.282 billion.

The Board paid Rs 23.100 billion as GST refund in July-February 2005-06 against Rs 38.644 billion paid during the same period of last fiscal year, showing a decrease of Rs 15.544 billion. The payment of sales tax refund at the import stage was Rs 64 million while domestic refund stood at Rs 23.037 billion.

The customs department paid Rs 12.464 billion as rebate/duty drawback against Rs 10.291 billion, reflecting an increase of Rs 2.173 billion.

The CBR paid a total of Rs 19.217 billion as income tax refund during the first eight months of current fiscal year against Rs 15.314 billion in the same period of last year, showing an increase of Rs 3.903 billion.

The central excise rebate of Rs 217 million was paid to the exporters in the first eight months of 2005-06 against Rs 31 million paid in the corresponding period of last fiscal.

The provisional collection for February was Rs 39.4 billion with the following break-up: Rs 19.2 billion as sales tax Rs 9.7 billion as customs, Rs 3.0 billion as federal excise and Rs 7.5 billion as direct taxes.

During the month, the CBR paid refund/rebates of Rs 4.837 billion including Rs 2.730 billion of sales tax refund.

Copyright Business Recorder, 2006


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