KARACHI: Sindh Excise Department has posted 12.2 percent increase in collection of taxes during first 10 months of current fiscal year to Rs53.05 billion as compared with Rs47.28 billion in the corresponding months of the last fiscal year, said a handout on Tuesday.
In the statement, Provincial Minister for Excise and Taxation & Narcotics Control Mukesh Kumar Chawla said that during current fiscal year in last ten months from July 2017 to April 2018, Sindh Excise Department has collected Rs.53053.950 million in terms of various taxes, while in the same period during last financial year Rs.47283.537 million were collected.
He said this while presiding over a meeting in his office on Tuesday. Secretary Excise, Taxation & Narcotics Control Abdul Haleem Shaikh, Director Generals Shabbir Ahmed Shaikh, Shoaib Ahmed Siddiqui and other Directors also attended the meeting.
While briefing the meeting, Director General Excise, Taxation & Narcotics Control told that Rs.5872.638 million were recovered in terms of Motor Vehicles Tax, Rs. 40863.021 million in infrastructure Cess, Rs. 312.489 million in Professional Tax, Rs.174.272 million in Cotton Fee and Rs.1729.495 million were recovered in terms of Property Tax.
He added: “The remaining amount was received in terms of other taxes while for the rapid recovery of Property Tax the advertisements have been given in leading newspapers.” On this occasion Provincial Minister for Excise, Taxation & Narcotics Control Mukesh Kumar Chawla asked the officers to get more than hundred percent targets before the end of this financial year so that we could be able to deposit revenue in national exchequer. He directed the officers concerned to speed up their measures for the recovery of Property Tax and perform their duties honestly.