Sindh Interim Minister for Excise and Taxation Mushtaq Ahmed Shah, on Tuesday, said that the Sindh Excise and Taxation Department has achieved 109 percent tax collection against the target during the fiscal year 2017-18 and recovered Rs. 66484.982 million with bank guarantee in terms of various taxes while during the last fiscal year 2016-17, Rs. 57750.439 million were recovered.
Presiding over a meeting of Excise and Taxation department at his office, the minister appreciated the efforts of officers and officials for achieving 109 percent target of taxes recovery, said a statement.
Briefing the meeting, Director General Excise and Taxation Shabbir Ahmed Shaikh said that Rs.7021.115 million were recovered in respect of Motor Vehicles Tax, Rs. 52281.910 million in Infrastructure Sales Tax and Rs. 371.347 million in Professional Tax.
He went on to add that Rs.177.611 millions were recovered in terms of Cotton Fee, while Rs.1909.707 million in Property Tax and 61.782 million in respect of Entertainment Duty were recovered with the remaining amount accounting for recovery in terms of various other taxes.
The meeting also reviewed tax collection performance of July 2018.
Secretary Excise, Taxation and Narcotics Control, Aijaz Ahmed Mahesar, Director Generals Shabbir Ahmed Shaikh and Shoaib Ahmed Siddiqui, and other Directors also attended the meeting.