ISLAMABAD (APP) - The Federal Board of Revenue (FBR) collected taxes of Rs220.308 billion during the first quarter of the current fiscal year, showing an increase of 5.1 per cent over the corresponding period of last year. However, the board would have to collect further about Rs13 billion to meet the collection target of Rs335 billion set for the first quarter of the year. We have still ten-day left of the current month to meet the target set for the quarter, remarked Asrar Rauf, Member Direct Taxes while talking to APP here on Wednesday. The collection during July-September included Rs60.828 billion as direct taxes, which showed a negative growth of 1.4 percent over the corresponding period of last year. The indirect collection recorded at Rs159.480 billion, showed an increase of 7.8 percent over the same period of last year, according to official figures provided by the board. Of the total collection, Rs110.664 billion have been collected under the head of Sales Tax including Rs55.623 billion as Sales Tax (Import) and Rs55.042 billion as Sales Tax (Domestic). Similarly, Rs19.154 billion have been collected as Federal Excise Duty (FED) including Rs3.189 billion as FED (Import) and Rs15.965 billion as FED (Domestic). The FBR collected Rs29.662 billion as customs duty during the period, the FBR figures revealed. The collections of Sales Tax, and Customs witnessed increase of 13.1 percent and 9.3 percent respectively while the FED collections witnessed negative growth of 16.8pc during the period as against the same period of last year. The FBR collected Rs46.046 billion during the current month, showing negative growth of 5.4 percent as against the same month of last year. The direct taxes during the month were recorded at Rs16.720 billion while indirect taxes were recorded at Rs29.327 billion, showing a negative growth of 5.2 percent and 5.4 percent over the same month of last fiscal year. Collection of Sales Tax were recorded at Rs21.099 billion, and Customs Duty at Rs6.799 billion, showing change of 2.3 percent and 2.1 percent while the Federal Excise Duty was recorded at Rs4.122 billion, showing down fall by 55.3 percent during the period. The refunds during July-September (2010-11) were recorded at Rs16.925 billion, showing growth of 35 percent over last year while refunds during September were recorded at Rs0.791 billion, showing negative growth of 37 percent. Member Direct Taxes, Asrar Rauf said that the floods would have less impact on overall revenue generation as it had mostly hit rural economy and agriculture and livestock, which is already exempted from tax net. He said that most of the taxes are generated from the urban areas, so the collection would be less impacted by these floods. He said that for the first three quarters, there would be no such impact on tax collection due to devastating floods, however, added that there may be impact on tax collection during the last quarter due to import of cotton. The floods have destroyed cotton crops and it would have its impact as the country would have to import cotton.