Tag Archives: March

Sales tax collection on imports increased 69% in March | Instant News


KARACHI: Sales tax levy on imported goods soared 69 percent on the hefty March import bill, officials said.

A source at the Karachi Large Taxpayer Office (LTO) said sales tax collection at the import stage in March 2021 grew to Rs103 billion. That compared with Rs61 billion in the same month last year, when the Covid-related lockdown led to a shutdown of economic activity.

The increase in under-the-head levies is largely due to the acceleration of economic activity over the past few months which has boosted demand for imported raw materials and finished goods.

The March 2021 import bill also increased, swelling 60 percent to $ 5.31 billion in the month under review. That compared with $ 3.32 billion in the same month last year.

Sales tax collection for the first nine months (July-March) of the current fiscal year increased 11 percent to Rs631 billion. That compared with Rs571 billion in the same months of the last fiscal year.

The country’s import bill totaled $ 39.21 billion during the first nine months of the current fiscal year compared with $ 34.82 billion at the same time last fiscal year, indicating 12.6 percent growth.

LTO Karachi, the principal revenue collection agency of the Federal Revenue Council (FBR), has jurisdiction for reporting sales tax on imported goods collected by the customs office located in Karachi.

Preliminary figures show all tax collectors posted a significant increase in their revenue collection for the period.

Sales tax collection by the Port Qasim Collectorate increased to Rs279 billion during July – March 2020/2021 compared to Rs252 billion in the same months in the previous fiscal year.

Likewise, collections by the Model Customs Collectorate (MCC) Appraisement (East) increased to Rs195 billion during the first nine months of the current fiscal year compared to Rs177 billion in the corresponding months of the previous fiscal year.

Likewise, MCC Appraisement West’s collection grew to Rs102 billion during the period under review compared to Rs92 billion collected in the same period last fiscal year.

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The SRB collection jumped 22.7% in March | Instant News


KARACHI: Sales tax collection on services by the Sindh Revenue Council (SRB) increased 22.7 percent to Rs11.463 billion during March 2021, compared to Rs9.343 billion collected in March 2020, a statement issued by the council said at Thursday. .

During the first three quarters of 2020-21, SRB raised Rs88,542 billion compared to revenues of Rs77,902 billion in the first three quarters of 2019-20, representing a growth of 13.66 percent.

The revenue collection agency has been tasked with raising Rs135 billion for the 2020-21 current year. It remains focused on achieving the income target set for the current year, despite adverse factors such as low economic growth and the revival of the Covid-19 pandemic, the statement said.

“Income growth has been phenomenal when viewed in the context of the effect the corona has on business and the economic slowdown in general,” said the statement, while reviewing important milestones.

This attributed the phenomenal revenue growth of 22.7 percent during March 2021 to the continued trust and cooperation of SRB taxpayers, continued support by the Sindh government and the relentless efforts of SRB officers and staff.

The BPRS has the jurisdiction to collect sales tax on services in the province of Sindh on behalf of the provincial government under the Sindh Sales Tax on Services Act, 2011.

Last month, Chief Minister of Sindh Syed Murad Ali Shah said he had asked the federal government to hand over sales tax collections to the provinces and provide them with collection targets. “Provinces are closer to consumers and they can collect more effectively and efficiently than FBR,” he said.

The SRB is sufficiently capable of collecting sales tax on behalf of the federal government, where permitted. The federal government used to give nearly Rs15 billion to the Sindh government prior to the formation of the SRB some eight years ago, CM has explained.

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The ‘robber’ injured in the March 23 meeting died | Instant News


A suspected robber who was injured in a shootout with police on March 23 died in treatment at a hospital in Karachi on Wednesday.

According to the New Karachi Industrial Zone police, the meeting took place on the road to New Karachi from Gulshan-e-Maymar when two muggers took away the residents’ cellphones and cash. One of the robbers, Nadeem alias Saleem, a resident of Yaro Goth, was injured in the gun battle.

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Switzerland- The cultural sector receives more Covid funding | Instant News


(MENAFN – Swissinfo) The Swiss government has agreed to provide financial assistance to people working in the cultural sector.

This content is published March 31, 2021 – 16:51 March 31, 2021 – 16:51 swissinfo.ch/urs

Applicants, including self-employed artists with frequent and limited work contracts, will be able to receive funds for lost income starting March 2020.

“The Covid curbs have hit the cultural sector in full force from the start,” Interior Minister Alain Berset said at a press conference on Wednesday.

As part of the new rules that took effect on Thursday, conditions for receiving emergency assistance have also been eased.

There are about 63,000 companies and about 300,000 people in the Swiss cultural sector.

So far, the Swiss government External Links has spent CHF410 million ($ 436 million) to pay for lost revenue for a cultural sector hit by the restrictions imposed on the Covid pandemic. Regional authorities also support the cultural sector financially.

There are no more salary limits

Meanwhile, professional sports clubs will have easier access to receive emergency funds from the state. The government has said it agreed to override a prerequisite that football and ice hockey clubs must limit salaries in order for their top players to be eligible for non-refundable financial assistance.

The government also decided to allocate an additional CHF2.6 billion to pay for the cost of the vaccination campaign.

These funds still need parliamentary approval.

In another development, members of the civil protection service could be called on to support staff at hospitals, nursing homes and Covid testing centers. The government extended the mandate until the end of June.

Over the past several months, up to 1,500 of those service members have served each week, according to the defense ministry.

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FIR court order against organizers of Aurat March | Instant News


PESHAWAR: A local court on Friday ordered the registration of a case against the organizers of the March 8 March on charges of derogatory comments on Prophet Hazrat Muhammad (Peace be upon him) and carrying inappropriate posters.

Supplementary Hearing Judge Syed Shaukat Ullah issued an order to petition local lawyers, including Ibrar Hussain.

The organizers of the Aurat March denied using derogatory words to Islam or the Prophet during the event. They argue that the engineered video has been circulated by some elements for their personal gain and to defame their cause.

The lawyers have submitted an application under Section 22-A of the Criminal Procedure Code for registration of the First Information Report (FIR) against organizers of the March Aurat. The lawyers told the court that they approached the East Cantonment Police Station to file an FIR but the police were reluctant to register the case.

The petitioners noted that a number of events were held on March 8 in conjunction with World Women’s Day and during one such parade participants delivered derogatory comments about the Prophet Muhammad (peace be upon him) and other holy figures, who hurt religious sentiment in large numbers. people in this country.

The lawyers said the government and administration did not take any action against the organizers and they should approach the court to file a case under the relevant law.

The court has reserved a ruling in the case on Thursday. On Friday, the court directed the registration of the case against the organizers under the relevant law.

Aurat March has been held annually on March 8 since the last few years and events are held in many cities. As soon as a video went viral following an event on March 8 this year, organizers had to clarify that the video was edited and circulated by the elements to defame their cause.

Organizers said no derogatory slogans were raised during the parade. They also asked Prime Minister Imran Khan to pay attention to the malicious campaign that is being waged against the organizers of the Aurat March.

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