KARACHI: Over 217 percent more sales taxes on petroleum products during the current fiscal year July-September were recovered as compared to the same period previous year.
Federal Board of Revenue (FBR) released first quarterly report said that over 203 percent more sales taxes were recovered in July 2008 as compared to July, 2007, while in August 199 percent and in September over 246 percent more sales taxes were recovered.
During the period under review, 167 percent more revenues were recovered on account of sales tax on the use of electricity as against 24 percent in sales tax recovery on gas.
According to the data available, sales recovery on cigarettes remained up by 31 percent, telecommunication by 4.5 percent, cement by 3.3 percent, tin canned items over 63 percent, while sales tax on steel products dropped by 64 percent.
Federal Board of Revenue (FBR) released first quarterly report said that over 203 percent more sales taxes were recovered in July 2008 as compared to July, 2007, while in August 199 percent and in September over 246 percent more sales taxes were recovered.
During the period under review, 167 percent more revenues were recovered on account of sales tax on the use of electricity as against 24 percent in sales tax recovery on gas.
According to the data available, sales recovery on cigarettes remained up by 31 percent, telecommunication by 4.5 percent, cement by 3.3 percent, tin canned items over 63 percent, while sales tax on steel products dropped by 64 percent.
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