KARACHI: Sindh Excise and Taxation Department (E&TD) collected Rs 23017.405 million taxes by February 2014, showing an increase of Rs 3965.098 million as compared to Rs 19052.307 million collected during the corresponding period of last year.
According to a document available with PPI, all the seven different taxes collected by (E&TD) sowed growth till February 2014 as compared to the collections during the same period of last fiscal year.
E&TD collected Rs 2649.079 million in terms of motor vehicle tax till February, showing an increase of Rs 389.885 million. The collection during the same period of last fiscal year stood at Rs 2259.194 million.
Similarly, an amount of Rs 2240.695 million was collected through excise tax as compared to 1860.552 million in the similar period of last fiscal year, showing an increase of Rs 380.143 million.
The Infrastructure Cess collection recorded a boost of Rs 2877.303 million as Rs 16359.736 million was collected till February of this fiscal year (2013-2014) as compared to Rs 13482.433 million in the similar period of 2012-2013.
Moreover, the excise department collected an amount of Rs 136.825 million till February in terms of cotton fee as compared to Rs 122.876 million, showing an increase of Rs 13.949 million.
The collection of property tax till February of current fiscal year made a reasonable growth of Rs279.800 million at Rs 1405.653 million as against Rs1125.853 million collected in the same period last year.
Professional tax collection also made a modest rise of Rs 20.726 million at Rs 202.377 million till February compared to Rs181.651 million collected in the corresponding period last year.
The entertainment duty collected in the fiscal year till February showed a slightest increase of Rs 3.292 million at Rs 23.040 million compared to Rs 19.748 million of last year.
Talking to PPI, Director Excise and Taxation, Shoaib Siddiqui, said that rise in revenue collection was due to efforts of people in the department and they were hopeful that the revenue target set by the government for the fiscal year would be achieved.
He said that the majority of revenue collection made by his department comes from Motor Vehicle Tax and Infrastructure Cess while the recovery of both the taxes stood 100 percent.
H said that the department would assure that the current pace could be followed in order to achieve the target.