ISLAMABAD: The Model Customs Collectorate Islamabad collected a high amount of Rs2353million of Sales Tax before ending of 2nd quarter period against an earmarked collection target of Rs1204million. So the huge net gain is Rs1149million.
According to details given by Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate earned R1149million extra Sales Tax (ST) during the two months and three weeks (1st October to 21st December) Financial Year (FY) 2017-18 against an allocated revenue target of ST.
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The collectorate showed 195% achievement against an assigned revenue target for 2nd quarter of FY17-18.
The Collector MCC Islamabad told CT that the Collectorate of Islamabad received Rs875million as ST during 21 days of December while it was earmarked Rs492million of ST for the whole month of December FY17-18. During said period, the collectorate displayed 177.77% of growth during first 21 days of December FY17-18 against an allocated revenue collection target for the month of December.
Saeed Khan Jadoon told the correspondent that, during the month of November FY17-18, the collectorate got Rs680million against an earmarked revenue collection target of Rs421million. H informed CT that, during abovementioned period, the collectorate collected extra revenue of Rs259million against an assigned revenue target of ST during the month of November FY17-18. During said period, the collectorate posted 161.44 % of gain against an earmarked revenue collection target under the head of ST.
He added that the MCC Islamabad generated Rs797million as ST during the month of October FY17-18 against an allocated revenue target of Rs290million. He notified the correspondent that the collectorate received Rs507million extra revenue against an earmarked revenue target for said period. The collectorate demonstrated 274% of achievement against an allocated revenue target under the same head during the month of October FY17-18.
