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Daily Times
May 31, 2021
KARACHI: The Sindh Revenue Board (SRB), on the request of Chamber of Commerce & Industry and the Taxpayers Associations, has announced a Tax Incentive Scheme which allows total exemption of penalties and provides a significant relief in payment of default surcharge to Sindh Sales Tax (SST) defaulters.
In a statement issued here on Monday, the SRB said it has approved the proposal under which penalties will stand remitted and substantial exemption of default surcharge liability will be provided to the taxpayers and defaulters, provided they deposit the principal amount of the arrears of the SST during the first 12 days of June, 2021.
KARACHI: The Sindh Revenue Board (SRB) collection rose 13.66 per cent to Rs88.542 billion during the first nine months (July-March) of this fiscal year compared to Rs77.902bn collected in the same period last year.
In March alone, its collection stood 22.7pc higher at Rs11.463bn from Rs9.343bn in the corresponding month last year.
The SRB needs to generate Rs46.5bn more in the last quarter (April-June) to achieve the Rs135bn target set by Chief Minister Syed Murad Ali Shah for 2020-21, but government sources said it would be a difficult task in view of surging Covid-19 cases, which have already drawn stringent measures to avoid a complete lockdown.
Business
April 2, 2021
KARACHI: The Sindh Revenue Board (SRB) collection of sales tax on services increased 22.7 percent to Rs11.463 billion during the month of March 2021, compared to Rs9.343 billion collected in March 2020, a statement issued by the board said on Thursday.
During the first three quarters of 2020-21, SRB collected an amount of Rs88.542 billion as against the revenue of Rs77.902 billion in the first three quarters of 2019-20, which represents a growth of 13.66 percent.
The revenue collection agency has been assigned to collect Rs135 billion for the current year 2020-21. It remained focused on achieving the assigned revenue target for the current year, despite adverse factors such as low economic growth and the resurge of the Covid-19 pandemic, the statement said.