G&H Accounting, Corporate and Tax Consultant

10/12/2022

06/12/2022

FBR achieves historical growth during the first five months of Financial Year
Federal Board of Revenue continues to demonstrate excellent performance in revenue collection for the fifth consecutive month of the current financial year and has exceeded both the five months target of Rs 2,680 billion as well as monthly target of Rs. 537 billion despite import compression and zero rating on POL products. As per provisional figures, Rs 2,688 billion has been collected against Rs 2,330 billion collected during the corresponding period of the previous year, by recording an increase of over 15.3%.

FBR has also issued refunds to the tune of Rs 135 billion as against Rs 124 billion issued last year. Provisional gross revenue collection is recorded as Rs. 2,823 billion for the first five months as against Rs 2,454 billion collected during the corresponding period of the previous fiscal year. Collection of direct tax registered maximum growth of 43%.

The provisional net collection for the month of November, 2022 is Rs 538.2 billion which shows an increase of more than 11.5% over the collection of Rs 480 billion for November 2021.

FBR also recognizes the endeavours of all field formations and officers for their untiring efforts and commitment to optimize revenue collection in difficult times where sales tax collection on imports is showing negative growth. Achievement of targets was made possible due to extraordinary steps taken in the areas of recoveries, monitoring and day to day vigilance. Only in the area of Income Tax arrears, FBR collected Rs.24.17 billion during the five-month period as against Rs.11.69 billion collected last year. During the month Rs.8.98 billion was collected against Rs.6.65 billion collected last year.

The revenue collection trends during the first five months of the financial year augurs well towards the achievement of the assigned revenue targets for current financial year. This unprecedented growth in tax revenues underscore the resolve of the Government and FBR to make Pakistan a prosperous nation.

06/12/2022

Offering Tax Consultancy Online Services National Tax Num (NTN) Sales Tax Registeration (STRN) Income And Sales Tax Returns Company Registeration With SECP Firm / Partnership Registeration Trade Mark / Logo Registeration Regulatory Complaince With SECP / FBR Handling FBR Notices Import / Export Licence ISO Certification Property Tax Payment With FBR Motor Vehicle Tax Payment
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26/11/2022

An experienced team of Certified chartered accountants and corporate lawyers providing following services;
-Audit & bookkeeping
- Income tax return ( individual, partnership, company )
-Taxation (Income & Sales tax and withholding statements of companies , partnership & individual businesses)
-Corporate Services (Company registration , filing all statutory returns)
-Partnership registration
-Internal audit services
-Preparation of financial statements
-Business advisory services
-Others ( NTN , STRN , weboc , PRA registration)

Contact : 0322 6501891

24/11/2022

(Notification)Sales Tax
FBR has suspended SRO 1005 of 2021 regarding POS Prize Scheme till 31st January, 2023 to make it more inclusive and participatory for the public. All invoices verified during intervening period will be included in the next prize draw. The new scheme will be launched after discussions with Tier-1 retailers, card acquirers, issuers, and other stakeholders. A new scheme would be launched very soon.

24/11/2022

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