LAHORE: The Large Taxpayer Unit (LTU) collected Rs151.533 billion taxes in the first nine months (July-March) of the current fiscal year 2015-16, showing 109 per cent growth over the same period last year.
The Lahore LTU crossed the target of Rs142.270 billion set for the corresponding period by Rs 9.26 billion.
The sources said that the LTU recorded growth of 75 percent in income tax, 18 percent in sales tax and federal excise duty collections as compared with the collection of the corresponding period of the fiscal year 2014-15.
The LTU officials, under the supervision of Chief Commissioner Ch Safdar Hussain, collected Rs50.625 billion income taxes, Rs87.417 billion sales tax, and Rs13.492 billion FED in nine months of the current fiscal as compared to Rs30.450 billion income tax, Rs74.546 billion sales tax, and Rs11.445 billion FED collected last fiscal.
The Large Taxpayer Unit registered revenue growth of Rs40 per cent alone in the month of March.
Chief Commissioner Ch Safdar Hussain lauded the unit team for showing the best result and hoped that the LTU will maintain the collection trends in the coming months.
