ISLAMABAD, Nov 23 : The Central Board of Revenue (CBR) has raised Rs15 million as retail tax on selected items of five sectors during the first four months of the levy during the current fiscal year.
Official figures available with Dawn showed that CBR collected Rs10 million as sales tax from the levy of 2 per cent and Rs5 million as income tax from 1 per cent levied at retail stage of the five sectors during the budget of 2005-06.
The government introduced 3 per cent (2 per cent sales tax and 1 per cent income tax) at retail stage of textile, leather, sport, carpet and surgical goods as final tax. The government had already zero-rated the export of all these five sectors. The highest duty under this account was collected from readymade garments.
The product wise analysis showed that CBR raised Rs0.405 million at retail selling of leather articles; Rs0.131 million from processed fabrics; Rs0.001 million from processed cotton cloth; Rs2.440 million from power looms — grey, ticken cloth; Rs0.528 million cotton fabrics; Rs0.190 million from carpet woollen (machine made); Rs0.0001 million from carpets synthetic (machine made; Rs0.058 million from labels, badges of textile; Rs11.10 million from readymade garments; Rs0.098 million from shoe uppers; Rs0.172 million from surgical instruments and applicants and Rs0.0191 million from sports goods.
