SINDH REVENUE BOARD COLLECTS HIGHEST EVER MONTHLY COLLECTION OF RS.3.9 BILLION IN APRIL 2014

Sameer Nazir
KARACHI:
The spokesperson of Sindh Revenue Board, Government of Sindh has informed that SRB collected over 3.9 billion in April 2014. The incentive scheme, which was launched on 17th April 2014, after the approval of Government of Sindh giving waiver of full penalty amount and 95% discount on default surcharge, contributed Rs. 700 million in this collection. The spokesman has said that SRB was firm in its decision of not extending the deadline for the incentive scheme which ended on April 30, 2014.
The total collection from July 1, 2013 to 30 April 2014 now stands at Rs. 32 billion as against the collection of Rs. 27.5 billion during the first 9 months of 2012-13. This represents an increase of 16.4 %.
He further informed that SRB is confident that subject to receiving from FBR the amount of Rs. 3.0 billion on account of taxpayer’s inadvertently depositing the Sindh Sales Tax amount into FBR account, SRB will achieve its budgetary target of Rs. 42 billion for current fiscal year. All the documents relating to this issue have been submitted to FBR, which has assured SRB at the highest level that the matter will be resolved soon.
He said that SRB is grateful to its taxpayers that, through their cooperation, SRB is making its history and urge the taxpayers for their continued cooperation so that Sindh can achieve financial funding its public development programs.