ISLAMABAD: The Federal Board of Revenue (FBR) has collected sales tax and the federal excise duty from LPG sector four times higher in 2015-16 than the financial year 2011-12. Total amount of sales tax and the federal excise duty collected in last fiscal year was Rs 10,430.3 million whereas the revenue collection from LPG sector was Rs 2,560.1 million in fiscal year 2011-12.
Sources told Customs Today that the production and sale of indigenous LPG was subjected to the federal excise duty and sales tax. The federal excise duty is levied on production of all gases including LPG. “Likewise, all goods including gases are subjected to sales tax and taxes are levied on the production of LPG as per policy and best international and regional practices,” the source said.
The source said that total revenue collection from LPG sector in the fiscal years 2012-13, 2013-14 and 2014-15 remained as Rs 4,098.1 million, Rs 4,579.9 million and Rs 8,681.8 million respectively. “It showed a constant growth in the revenue collection from LPG sector over the last three years and year by year. However, in the last fiscal year the increase in the revenue collection from LPG sector witnessed a significant increase” the source observed.
The source said that in the last fiscal year the figure of collected sales tax from LPG sector was Rs 8744.7 million while total collection from federal excise duty collection was Rs 1685.6 million. Similarly, in the fiscal year 2014-15 the category wise collection of revenue from sales tax and federal excise duty remained Rs 7620.2 million and Rs 1061.6 million respectively.
However, the source said that in the fiscal year 2013-14 the revenue collection from LPG sector in the category of sales tax was Rs 3948.9 million while revenue from federal excise duty was Rs 631.0 million.
“Whereas the figures of revenue collection from sales tax and federal excise duty remained Rs 3523.6 million and Rs 514.5 million respectively in the fiscal year 2012-13” the source said adding that revenue collection from LPG sector in the category of sales tax and federal excise duty in the fiscal year 2011-12 was Rs 2249.5 million and Rs 310.6 million respectively.
