SRB aims to achieve Rs120 billion collection target this fiscal

KARACHI: Sindh Revenue Board (SRB) collected Rs100 billion of sales tax on services last fiscal year, while the collection target for the current fiscal year is Rs120 billion, Chairman SRB Khalid Mahmood said on Tuesday during a visit of Karachi Chamber of Commerce & Industry (KCCI).

The Sindh Revenue Board (SRB) collected Rs44.6 billion sales tax during first six months of the current fiscal year, which is 14 percent higher than the revenue collected in the same period of last year. “We are not collecting sales tax on cellular services for the last six months due to a court order. Had we been collecting this tax, SRB’s collection would have been 21 percent higher,” Mahmood said.

He informed that around 29,000 taxpayers were registered with the SRB.

Speaking on the occasion, Patron-in-Chief KCCI, Siraj Kassim Teli said the board should tell the public that where this revenue was being spent. “It should also be informed that how much contribution comes from rural Sindh and urban Sindh,” Teli said adding this revenue collected should be spent on the betterment of people of the province. [the_ad id=”31605″]

 

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