The shoppers passion to purchase new automobiles remains depressed throughout the final eight months as the overall automotive gross sales fell by 49 p.c throughout July-February 2008-09 to 47,982 in the same period last year. Tax collection in the first eight months (July-Feb) of the current fiscal will increase by 21 p.c to Rs706.4 billion in contrast with Rs585.3 billion during the identical period final 12 months reveals FBR knowledge. People, Association of individuals and corporations are required to pay quarterly installment of advance income tax. The Federal Bureau of Revenue will cost thirteen % gross sales tax of the worth on import of rapessed and sunflower seed by solvent extraction industries. Cement gross sales go up by a hundred and one p.c, as a result cement corporations overall revenue rise by 763 p.c during the first half of the present fiscal year, reveals JS Global analyst. The Customs Valuation publicizes lower within the Import Trade Worth of secondary steel merchandise by 24-30 p.c resulting from declining worth development on the planet market, sources say.
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