ISLAMABAD: The Federal Board of Revenue collected around Rs 214 billion as sales tax on petroleum products from July 2015 to April 2016 as compared to Rs 234 billion in the fiscal year of 2014-15.
This was revealed by the data submitted to the Senate Standing Committee on Finance by the FBR. The revenue authority collected Rs 136 billion from oil refineries, Rs 46 billion from oil exploration and production companies and Rs 31.6 billion from oil marketing companies during the corresponding period.
Sectors wise, the cigarettes contributed Rs 14.9 billion sales tax, cement Rs 22.6 billion, power sector DISCOs Rs 27.040 billion, natural gas Rs 15.102 billion, sugar Rs 10.640 billion, concentrates (beverages) Rs 3.708 billion, food products Rs 11,319 billion, fertilisers/urea Rs 10.671 billion, aerated waters/ beverages Rs 8.534 billion, withholding agent Rs 9.295 billion, Liquefied Petroleum Gas (LPG) Rs 6.69 billion, iron & steel products Rs 7.444 billion, motor cars Rs 7.294 billion, motor cycles Rs 3.392 billion, cotton yarn Rs 3.183 billion, biscuits Rs 3,141 billion and auto parts contributed Rs 2,438 billion as sales tax during July-April (2015-16).
Sector-wise collection of sales tax (domestic) of major commodities during 2014-15 revealed that the POL products, Rs 234.139 billion, natural gas Rs 29.891billion, electricity Rs 25.005 billion, cement, Rs 23.290 billion, fertilizers/urea Rs 22.513 billion, cigarettes, Rs 20.990 billion, food products Rs 12.619 billion, sugar, Rs 11.072 billion, motor cars, Rs 9.284 billion, aerated waters/ beverages, Rs 8.847 billion, miscellaneous/non-specified, Rs 8.568 billion, services, Rs 8.124 billion, iron & steel products Rs 7.833 billion, liquefied petroleum gas (LPG) Rs 7.619 billion, concentrates used in beverages Rs 5.013 billion, importer/ whole sales Rs 4.638 billion, fruit or vegetable juices Rs 3.664 billion, storage batteries Rs 3.420 billion, motor cycles Rs 3.356 billion, cotton yarn Rs 3.340 billion.
