Another good news from Pti government for those who do propaganda against Pti Govt must read and learn: Be warned some Patwaris and Indians try to be Pti supporters. They try to spread negative news like Pakistan media because they involved in corruption high level or low level and some poor education don't learn the truth and facts just blindly supporting criminals. Genuine Pti supporters understand Pmln and ppp are crooks and could never support them or vote them again they left country near bank crypt. How can they even be in politics they should be in jails. Pti government is doing good job and they started breaking records of previous money laundering governments within 2 years of government. Imran Khan is the best leader he is hardworking and honest person. Don't take enemie lies and propaganda seriously.
Collection in the month of September, however, remained Rs10bn less than the target of Rs418bn
ISLAMABAD: The Federal Board of Revenue (FBR) has collected more than Rs1,000 billion revenue during the first quarter (July-Sept) of the current fiscal year (FY2020-21).
According to sources, the tax department collected Rs1,002 billion during the period under review, as against the target of Rs970 billion.
The tax department had collected Rs593bn during the first two month of FY21, while collection in September stood at Rs408bn, as against target of Rs418 billion.
Sources said that revenue collection during the quarter increased due to resumption of economic activities post Covid lockdowns.
Meanwhile, the department has also intensified its crackdown on defaulters and tax evaders.
On Wednesday, the FBR’s Directorate of Intelligence and Investigation-Inland Revenue (Lahore) raided the business premises of a shoe manufacturing unit under Section 38 and 40 of the Sales Tax Act, 1990.
The unit was engaged in manufacturing activities, making taxable supplies of footwear etc while consuming huge amounts of raw materials and electricity. However, the unit had been deliberately filed “nil” sales tax returns since July 2015 to avoid payment of due sales tax.
During the search, important record was impounded which is under scrutiny while further investigation in this regard is underway. The directorate intends to intensify such operations in order to detect tax fraud and stop huge revenue leakage being caused to the national exchequer.
Source
Collection in the month of September, however, remained Rs10bn less than the target of Rs418bn
ISLAMABAD: The Federal Board of Revenue (FBR) has collected more than Rs1,000 billion revenue during the first quarter (July-Sept) of the current fiscal year (FY2020-21).
According to sources, the tax department collected Rs1,002 billion during the period under review, as against the target of Rs970 billion.
The tax department had collected Rs593bn during the first two month of FY21, while collection in September stood at Rs408bn, as against target of Rs418 billion.
Sources said that revenue collection during the quarter increased due to resumption of economic activities post Covid lockdowns.
Meanwhile, the department has also intensified its crackdown on defaulters and tax evaders.
On Wednesday, the FBR’s Directorate of Intelligence and Investigation-Inland Revenue (Lahore) raided the business premises of a shoe manufacturing unit under Section 38 and 40 of the Sales Tax Act, 1990.
The unit was engaged in manufacturing activities, making taxable supplies of footwear etc while consuming huge amounts of raw materials and electricity. However, the unit had been deliberately filed “nil” sales tax returns since July 2015 to avoid payment of due sales tax.
During the search, important record was impounded which is under scrutiny while further investigation in this regard is underway. The directorate intends to intensify such operations in order to detect tax fraud and stop huge revenue leakage being caused to the national exchequer.
Source
