Home » News » Finance » Revenue Board detects Rs 10 billion through sales tax audit in June-February

Revenue Board detects Rs 10 billion through sales tax audit in June-February

ISLAMABAD (April 17 2003) : The Central Board of Revenue (CBR) has detected a huge amount of Rs 10 billion through sales tax audit of 12,415 taxpayers during June 2002 to February 2003 against Rs 7 billion unearthed during the corresponding period last fiscal, ie growth of Rs 3 billion.

The CBR has successfully recovered Rs 560 million from the taxpayers, whereas the remaining amount is under the process of adjudication.

Collectorates of Karachi (East and West), Large Taxpayer Unit (LTU), Karachi, Faisalabad and Lahore remained top of the list as only LTU detected Rs 2.5 billion from audit of 30 units.

Sources told Business Recorder here on Wednesday that the CBR's extraordinary performance vis-a-vis sales tax audit was evident from the fact that detection of Rs 10 billion up to February 2003 was far more than the amount of Rs 7 billion detected during the same period last fiscal.

The CBR has frequently issued directives to regional collectorates and audit apparatus to detect amount within the laid down parameters.

According to the break-up: Rawapindi collectorate conducted 835 audits and detected Rs 315 million; Hub, 248 audits, Rs 92 million; Peshawar, 950 audits, Rs 230 million; Multan, 1,225 audits, Rs 1,500 million; Lahore, 16,500 audits, Rs 1.5 billion; Karachi (West), 27,000 audits, Rs 418 million; Karachi (East), 1,585 audits, Rs 920 million; Large Taxpayer Unit (LTU), Karachi, 30 audits, Rs 2.25 billion; Hyderabad, 1,200 audits, Rs 55 million; Gujranwala, 950 audits, Rs 250 million and Collectorate of Sales Tax Faisalabad conducted 1,031 audits and detected Rs 845 million.

The figures on the audit detentions till March 2003 would be compiled in coming weeks, the sources added.

Leave a Reply