KARACHI

Sindh Revenue Board (SRB) has achieved another milestone by collecting sales tax of Rs42.485 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 Rs.8.832 billion or 26.25% 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 to mentioned here that SRB started collecting Sindh sales tax on services from July 01, 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.

SRB attributed this milestone performance and success to the continued trust, confidence and cooperation of its taxpayers, to the extra-ordinary devotion and dedication of SRB staff and to the continued support that it received from Sindh government.