New soft­ware leads to 50pc growth in GST at AG of­fices

Pakistan Today (Karachi) - - BUSINESS -

A ded­i­cated soft­ware launched across all dis­trict ac­counts of­fices in July last year has re­sulted in an im­pres­sive 50 per cent growth in col­lec­tion of Sales Tax with­held by AG of­fices from the ven­dors of the gov­ern­ment de­part­ments.

Fed­eral Board of Rev­enue (FBR) Act­ing Chair­man Dr Muham­mad Ir­shad said this while ad­dress­ing tax of­fi­cials at the head­quar­ters. "I must com­mend the lead role of both the cur­rent and ex-con­troller gen­eral of ac­counts for en­sur­ing the suc­cess­ful launch of the sys­tem across all dis­trict ac­counts of­fices, which has now trans­lated into over 50 per cent growth in col­lec­tion of Sales Tax with­held by AG Of­fices from the ven­dors of the gov­ern­ment de­part­ments, from July to De­cem­ber, year on year ba­sis", he added.

Dr Ir­shad asked the CGA team for con­tin­u­ous im­prove­ment of the sys­tem, so that op­er­a­tional is­sues re­ported at dis­trict ac­counts of­fices, were ad­dressed. He also urged the ac­counts con­troller gen­eral, to ex­tend the cover of the cur­rent sys­tem to bring gov­ern­ment projects, both pro­vin­cial and fed­eral, un­der the cur­rent sys­tem.

The new mea­sure, with the col­lab­o­ra­tion of the CGA Of­fice, should fur­ther strengthen mech­a­nism for en­hance­ment of the state rev­enue. The FBR has plans to es­tab­lish such re­la­tion­ship with the other with­hold­ing part­ners as well.

Some head­way has been made in this re­gard with the

Ex­cise and Tax­a­tion De­part­ment for the trans­fer of on­line data in re­spect of sec­tions 231-B a n d 234.

In this con­nec­tion, a meet­ing of all the pro­vin­cial sec­re­taries, Ex­cise and Tax­a­tion is likely to take place in near fu­ture. Ini­tial work has been fi­nal­ized with the Sindh Ex­cise and Tax­a­tion sec­re­tary.

The event was ar­ranged by the In­land Rev­enue Op­er­a­tions Wing for ac­knowl­edge­ment and recog­ni­tion of the co­op­er­a­tion ex­tended by the con­troller gen­eral of ac­counts of­fice and its MIS team for devel­op­ment and launch of the SAP-with­hold­ing (Sales) tax (Au­to­mated) Sys­tem for de­duc­tion of 1/5th of with­hold­ing Sales Tax from ven­dors of the gov­ern­ment de­part­ments whose bills are be­ing pro­cessed through AG/AGPR of­fices.

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