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REVIEW MEETING
1STQUARTER 2013-14
RTO-III, KARACHI
09.10.2013
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Head
Target Collection
%age Inc
%age
TargetAchieved
2013 2012 2013
Income Tax 12.14 9.57 11.7 22.26 96.38
Sales Tax 1.08 0.85 2.54 198.82 235.19FED 0.003 0 0 - -
Total 13.223 10.42 14.25 36.76 107.77
REVENUE PERFORMANCE(Rs. in Billion)
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MAJOR COLLECTION HEADS (INCOME TAX)
Head Collection %age
Increase /Decrease2012 2013
Advance Tax 0.050 0.027 (46.00)
Withholding 9.24 10.52 13.85
Current Demand 0.65 0.74 13.85
Arrear Demand 0.01 0.17 1,600.00
With Returns 0.22 0.035 (84.09)
(Rs. in Billion)
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S# NAMECollection 2012-13 Collection 2013-14
1MISCELLANEOUS/ NON-
SPECIFIED COMMODITES52.449 405.787
2ELEC GENERATING SETS &
ROTARY CONVERTERS
8.787 363.080
3SCRAPS OF IORN OR STEEL (SHIP
BREAKING)0.000 330.561
4 GENERAL ORDER SUPPLIERS 81.141 286.988
5ELECTRICAL GOODS & PARTS
(NOS)45.030 228.128
6 M.S BARS & RODS 0.000 135.758
7 IRON & STEEL PRODUCTS 0.000 77.405
8 FOOD PRODUCTS 58.298 68.470
9 PLASTIC PRODUCTS (OTHERS0 51.536 66.712
10 PICKLE IN VINEGAR 32.852 54.316
MAJOR REVENUE SPINNERS (ST & FE)Rs in Million
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Name of Unit
Sales Tax +FED
2012-2013
(Jul-Sep)
2013-14
(Jul-Sep)
Difference
NYLON CHIPS/POLYESTER CHIPS 540.422 0.088 -540.333
LIME 13.434 1.213 -12.221
SERVICES 23.106 12.009 -11.098
GAS APPLIANCES (OTHER0 9.467 2.945 -6.522
SERVICES PROVIDED BY TELECOMMUNICATIONS
5.002 0.046 -4.956
POLYETHYLENE BAGS 11.497 6.996 -4.501
BALL & ROLLER BEARING COMPLETE 4.824 0.530 -4.294
COMPUTER PARTS 20.961 17.349 -3.611
WATER TREATMENT PLANT 9.585 6.602 -2.982
PIPE & TUBE FITTINGS OF IRON OR STEEL 3.911 1.445 -2.466
MAJOR UNITS SHOWING NEGATIVE TRENDS
(SALES TAX+FED)
(Rs. In Millions)
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BUDGETARY MEASURES
Section Revenue Head Collection155 Revision of WHT rates of property income & taxation as normal income 17.6
236D Advance Tax to be collected on functions at 10% of the total amount of bill
113 Revision of rates of turnover tax from 0.5% to 1%
231 Rates of tax on cash withdrawals from 0.2% to 0.3%
113A&B Minimum Tax on Builders and Developers
236G 236H Advance Tax on distributors and Retailers (0.1% & 0.5%) 12.2
149 Revision of rate of tax on salaried individuals 1395
Revision of rate of tax on business individuals and AOP
234 Revision of rate of WHT on registration of new vehicles
234 Rate of WHT tax on lump sum motor vehicle tax
(Rs. In Millions)INCOME TAX
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BUDGETARY MEASURES
Section Revenue Head Collection
153 Enhancing withholding tax rates for non-corporate taxpayers on commercial
imports, supplies, contracts & servicesSupplies 789
Contracts (43.7)
Services 588.5236J Advance Tax to be collected by Market Committees from dealers/arhtis
236E(a) 236E(b) Advance Tax to be collected on foreign film & TV Serials
236A Revision of rate of tax on auction from 5% to 10% 44.104236(I) Advance Tax @ 5% to be collected on fees paid to educational institutions
236 Enhancement in rate of WHT on mobiles phones from 10% to 15%
156 Revision of rate of WHT on prize bonds from 10% to 15%
236A Initial Depreciation to be reduced to 25% from 50%
Tax on Hajj Operators : Rs.3500 per person for Tax years 2013
236F(1) Advance Tax from Electronic Media distributors, cable operators by PEMRA
(Rs. In Millions)INCOME TAX
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BUDGETARY MEASURES
Section Revenue Head Collection
Elimination of Exemption to National Saving Schemes account
holders upto Rs.150,000
233AA WHT on margin financing
2nd Schedule Reduction of 75% rebate to 40% for full time teachers 930.2Clause 92,
2nd Schedule
Limitation on exemption to educational institutions
Reduction in rate of tax for companies from 35% to 34%.
Data collected by FBR & NADRA to be utilized for broadening of
tax base
(Rs. In Millions)INCOME TAX
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Revenue Head Collection
Enhancement in rate of sales tax from 16% to 17% 251.5
Withdrawal of Exemption Against International Tender
Imposition of Further Tax @ 1% on Supplies to Unregistered Persons 50
Addition of Items with Sales Tax on Retail Price Basis
Additional Sales Tax on electricity and gas supplied to unregistered
personsSubstitution of Zero Rating with exemption on local supplies
withdrawal of Exemption for KPK, FATA/PATA
Withdrawal of sales tax exemption on film association
(Rs. in Millions)SALES TAX
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Revenue HeadCollection
Rationalization of Structure and Rates on Cigarettes 0
Duty on Import of Canola oilseeds & LocallyProduced Edible Oil
0
Duty @ 16% on remaining Financial Servcies 0
Duty @ 10% on Cars of 1800CC or above. 0
Capacity Taxation for Beverages Industry. 0
Total -
(Rs. in Millions)FEDERAL EXCISE
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RCOVERABLE
ONE
YEAR
OLD
MORE
THAN
ONE
YEAR
COLLECTION
IN FIRST QTR
%
COLLECTION VS
RECOVERABLE
ARREARS
2340 93.4 6.28 141.8 6%
(Rs. in Million)
COLLECTION OUT OFRECOVERABLE ARREARS
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CasesSelected
Finalized DemandCreated
Collection
1091 118 153.7 0.087
(Rs. in Million)
AUDIT PERFORMANCE
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No. of
Notices
ServedPertaining
to RTO
(Intimatio
n from
FBR)
No ofCases
Complied
ActionTaken for
Non-
compliance
Demand
Created
Amount
Recovered
No. of
NoticesPending
Finalizatio
n
- - - - - -
(Rs. in Million)Broadening of Tax Base (BTB)
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Cases
identified
Revenue
Involved
Settled
through
Orders
Demand
CreatedRecovered
856 225.4 16.6 47.04 15.46
(Rs. in Million)CREST
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