ISLAMABAD: The tax collections during the first nine months of current fiscal year surged by 24.1 percent as the Federal Board of Revenue (FBR) collected Rs.1266.039 billion revenues during July-March (2011-12).
The tax collection during the same period of last year was recorded at Rs.1020.149 billion, according to FBR provisional data.
Out of the total revenues, the highest increase of 25.1 percent was witnessed in Domestic Taxes that surged from Rs.893.376 billion last year to Rs.1,118.014 billion this year.
Among the Domestic Taxes, the Direct Taxes increased by 24.1 percent from Rs.381.617 billion to Rs,473.648 billion while the Sales Tax (ST) witnessed positive growth of 33.3 percent by going up from Rs.422.671 billion to Rs.563.324 billion.
Among Sales Tax, ST on Import increased by 47.6 percent by growing from Rs.211.979 billion last year to Rs.312.901 billion this year while the sales tax on domestic increased by 18.9 percent from Rs.210.692 billion to Rs.250.423 billion.
However, the Federal Excise (FED) witnessed negative growth of 9 percent by falling from Rs.89.088 billion last year to 81.041 billion during current fiscal year.
Among Federal Excise, FED on Import decrease by 46.6 percent, from Rs.12.359 billion to Rs.6.605 billion while FED on domestic decrease by 3 percent from Rs.76.729 billion to Rs.74.436 billion.
Customs collection during July-March (2011-12) also witnessed positive growth of 16.8 percent by growing from Rs.126.773 billion
to Rs.148.025 billion, the figures revealed.
On the other hand, the tax collection during March 2012 witnessed positive growth of 8.2 percent as compared to the same month of last year.
Tax collection during March 2012 was recorded at Rs.155.925 billion against the collection of Rs.144.172 billion during March 2011.
During the month under review, the collection of Domestic Taxes witness positive growth of 7.7 percent as compared to March 2012.
The Domestic Tax from Rs.125.785 billion in March 2011 to Rs.135.452 billion during March 2012.
Among the domestic Taxes, Direct taxes increased by 2.4 percent from Rs.66.674 billion to Rs.68.266 billion while Sales Tax increased by 23.1 percent from Rs.48.495 billion to Rs.59.674 billion.
However, the Federal Excise witnessed sharp decrease of 29.2 percent by falling from Rs.10.616 billion during March 2011 to Rs.7.512 billion during March 2012, according to the FBR figures.
Customs collection during the month also increased by 11.3 percent from Rs.18.387 billion to Rs.20.473 billion. (APP)