Revenue shortfall grows to Rs111bn for the first quarter

[fisher1]

So i don't understand something.

After all the begging from the world, after all the inflation and sucking of our blood.

How dare this government utter the word shortfall?

Imran Khan own words are that if there's inflation in the country then know that a harami is ruling the country.

Oh how he was telling the truth. Our money is blown on parrot cages and 300 billions forgiven to harami buddies then of course there will be shortfall

 

[volatile]

1 quarter is generall low ... most of the comapnies which are major tac payers have year ends in december specially multinationals ... they announce profits and dividends in 3rd and fourt quarter and therefore recover is always here in third and fourth quarter ... furthermore there are certain legal provisions which will take impact in subsequent months ...

Care to share forecast for next quarters to prove your point.

 

[The Accountant]

Care to share forecast for next quarters to prove your point.

See the trend

 

[volatile]

See the trend

Bhai sb what you are sharing is previous trend where imports were 60 Billion more or less a large portion of that was contributing both in Excise and customs duty as per FBR chairman himself 3 Billion Imports are less in 1Q,the increase in revenue for FBR was direct result of amnesty schemes . Now if we have Oct/Dec . Jan /Mar and April to June end target month wise we can see where this will go at the moment things dont look that great ,by the way already proposed is another amnesty scheme .

 

[The Accountant]

Bhai sb what you are sharing is previous trend where imports were 60 Billion more or less a large portion of that was contributing both in Excise and customs duty as per FBR chairman himself 3 Billion Imports are less in 1Q,the increase in revenue for FBR was direct result of amnesty schemes . Now if we have Oct/Dec . Jan /Mar and April to June end target month wise we can see where this will go at the moment things dont look that great ,by the way already proposed is another amnesty scheme .

Kindly review the trend correctly. there was no amnesty scheme in 2017. Amnesty schemes were announced in TY 2018 and 2019 i.e June 2018.

Secondly, logic of decreased do not explain the criteria of increase in tax from Rs. 158 million in Jul 16 to Rs. 241 million in Oct 16 to Rs. 223 million in Jan 17 and Rs. 249 million in Apr 17. you can compare all the quarters of tax year 2016-17 to get the trend. Furthermore, the amount claimed in amnesty scheme in 2018 was Rs. 65 million, subtract this from June 2018 and you can easily compute the trend.

 

[volatile]

Kindly review the trend correctly. there was no amnesty scheme in 2017. Amnesty schemes were announced in TY 2018 and 2019 i.e June 2018.

Secondly, logic of decreased do not explain the criteria of increase in tax from Rs. 158 million in Jul 16 to Rs. 241 million in Oct 16 to Rs. 223 million in Jan 17 and Rs. 249 million in Apr 17. you can compare all the quarters of tax year 2016-17 to get the trend. Furthermore, the amount claimed in amnesty scheme in 2018 was Rs. 65 million, subtract this from June 2018 and you can easily compute the trend.

very simple question ,I have asked for next 3 quarters target collection .Also I just shared that increase trend for current year was due to amnesty

 

[The Accountant]

very simple question ,I have asked for next 3 quarters target collection .Also I just shared that increase trend for current year was due to amnesty

I haven't shared current year's no. so kindly read carefully what are you reading.

Secondly, the numbers are available on Government of Pakistan website and higher targets for last 2 quarter is a fact I know as I am subject matter expert. If you don't agree then go and check yourself I am not going to spoon feed you.