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Tag Archives: Punjab Revenue Authority

PRA collects Rs10.07b in April

LAHORE: Punjab Revenue Authority (PRA) successfully collects Rs10.07 billion in the month of April. The collection is reported to be 70.7 percent higher than the revenue of Rs5.9 billion collected last year over the same time period. Overall PRA revenue for the first 10 months stands at Rs117.4 billion compared to Rs.85.5 billion generated last year showing an increase of ... Read More »

PRA posts 31.1pc growth in revenue collection during March

LAHORE: The Punjab Revenue Authority (PRA) has collected Rs10.6 billion in the month of March 2021, compared to Rs8.1 billion collected in March 2020 showing a growth of 30.1 percent. According to the provisional collection figures, the Punjab Revenue Authority has collected Rs 10.6 billion in the month of March 2021, compared to Rs.8.1 billion collected in March 2020 showing ... Read More »

Punjab Revenue Authority collects Rs10.1b in Feb

LAHORE: According to provisional collection figures, the Punjab Revenue Authority has collected Rs10.1 billion in the month of February 2021, compared to Rs.9.2 billion in February 2020. This is the first time that the Authority has crossed the ten billion mark in the month of February. PRA’s total collection for the first eight months of the financial year 2020-21, according ... Read More »

Rs 500m FBR’s PRAL software for invoice monitoring at restaurants

  LAHORE: The Punjab Revenue Authority has decided to install invoice monitoring system and inveiglement cameras in all restaurants located in posh areas. The PRA took this step because many restaurants are involved in under invoicing and tax evasion. The PRA is preparing a system to have check on all restaurants in elite areas of the cities and sent a ... Read More »

PRA to take action against JI rally food provider for not paying tax

LAHORE: The Punjab Revenue Authority (PRA) has decided to take legal action against catering company that provided food at the three-day rally of Jamaat-e-Islami at Minar-e-Pakistan. PRA has gird up its loins to receive sales tax from caterer Rafique Tikka for providing food to the participants of the rally in Lahore. As many as 70,000 people participated in the rally. ... Read More »

Traders protest against SRO-608

  LAHORE: Traders staged a protest demonstration against the imposition of SRO-608 and 16 percent services sales tax. Customs Today learnt that various trader organisations held the protest and closed markets for three hours to show their reservations on the newly imposed taxes by the Federal Board of Revenue (FBR) and Punjab Revenue Authority (PRA). Traders said that burden of ... Read More »

Punjab Revenue Authority likely to collect Rs40b taxes in FY14

LAHORE: Punjab Revenue Authority (PRA) will likely to collect Rs40 billion taxes during the current fiscal year as compared to Rs16 billion in FY2013 and Rs6 billion in FY2012. This was revealed by PRA Chairperson Iftikhar Qutab during a meeting with Lahore Chamber of Commerce and Industry (LCCI) President Ijaz A Mumtaz. Executive committee members of the chamber and representatives ... Read More »

Mujtaba hopes Punjab Revenue Authority would collect Rs 80 billion in FY 2014-15

Punjab Finance, Excise and Taxation minister says they are going to set up an anti-narcotics wing in Excise and Taxation Department after Punjab CM’s approval   LAHORE: Highlighting performance of the Punjab Revenue Authority, Punjab Finance, Excise and Taxation and Parliamentary Affairs Minister Mujtaba Shujaur Rehman on Monday said that the authority had collected Rs 48 billion last year and ... Read More »

PRA seeks audited copy of accounts from taxpayers

LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate from auditors. The authority said that the main provisions relating to maintenance and production of records for the purpose of Punjab sales tax are available under sections 31 and 32 ... Read More »