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July to Nov sales tax target not achieved

07 December, 2012

The Federal Board of Revenue failed to achieve the sales tax collection target during the first five months of the current fiscal year ended November 30.

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The Federal Board of Revenue failed to achieve the sales tax collection target during the first five months of the current fiscal year ended November 30.

The FBR managed to collect just 84 per cent of the sales tax target during the period under discussion.

According to FBR sources over Rs 322 billion sales tax was collected during July-November compared to Rs 383.66 billion target set for the first five months of the current fiscal year.

During November Rs 64.28 billion was collected under the sales tax.

The FBR collected Rs 43.751 billion under the head of Federal Excise Duty during November-December which is 79 per cent less than the target.

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