ISLAMABAD: The monthly sales tax collection by the Sindh Revenue Board (SRB) jumped by a record 28 per cent year-on-year to Rs19.034 billion in March, showed provisional data released on Saturday.

The SRB collection reached Rs128.206bn in the first nine months of 2022-23 from Rs104.800bn in the corresponding period last year, indicating a growth of 22pc or Rs23.406bn.

According to the provincial revenue authority, this is a record collection despite the slowing down of the economy and flood devastations.

Responsible for the administration, collection and enforcement of sales tax on services, the SRB started its operations in 2011-12.

SRB Chairman Wasif Memon said the collection grew despite the sluggish port activity and flood damages thanks to effective enforcement, broadening of service sectors and recoveries of old cases.

He said that the cooperation of taxpayers was one of the main things to achieving daunting monthly targets of sales tax.

The provincial government has assigned SRB a collection target of Rs180bn for 2022-23.

Published in Dawn, April 2nd, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Peshawar meeting
Updated 16 Jan, 2025

Peshawar meeting

Dealing with Afghan Taliban is necessary not just for internal stability, but to ensure that Afghanistan not isolated regionally.
Cyber circus
16 Jan, 2025

Cyber circus

PAKISTAN’S cybercrime-fighting apparatus is proving rather good at harassing journalists and remarkably poor at...
Anti-abuse action
16 Jan, 2025

Anti-abuse action

IN what is a social minefield for women, the Punjab police investigation department’s decision to deploy 1,450...
Missing justice
Updated 15 Jan, 2025

Missing justice

SC must at least ensure missing persons cases are heard with the urgency they deserve.
Racist talk
15 Jan, 2025

Racist talk

WHEN racist tropes are amplified by the expansive reach of social media, the affected communities face real-world...
Faceless customs
15 Jan, 2025

Faceless customs

THE launch of the faceless customs assessment system as part of the government’s Tax Transformation Plan is a...