KARACHI: The restriction imposed by Supreme Court of Pakistan on sales tax collection on telephone services negatively impacted the overall collection, Kahalid Mahmood, Chairman, Sindh Revenue Board (SRB) said on Tuesday.
He was addressing at a meeting with members of Karachi Chamber of Commerce and Industry (KCCI).
Mahmood said that no tax collection on phone services for the past six months.
The SRB collected Rs44.6 billion sales tax during first six months of current fiscal year, which is 14 percent higher than the revenue collected in the same period of last fiscal year.
“If the revenue from phone services added to this collection then the growth will be 21 percent,” he added.
He said that the registered taxpayers of SRB were around 29,000.
Mahmood said that the SRB collected Rs100 billion during the last fiscal year. The current year collection target is Rs120 billion, he added.
On the occasion Chairman Businessmen Group (BMG) Siraj Kassem Teli said that the provincial government should explain where the collection had been spent.
He questioned that the government should also explain that how much revenue was contributed by Karachi.