Sunday, April 10, 2011

Telecom Customers Paid Rs. 36.35 Billion as Taxes in H1 2010-11: ProPakistani

9:40 PM

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Telecom Customers Paid Rs. 36.35 Billion as Taxes in H1 2010-11: ProPakistani

Telecom Customers Paid Rs. 36.35 Billion as Taxes in H1 2010-11

Posted: 10 Apr 2011 02:40 PM PDT

Telecom Customers Paid Rs. 36.35 Billion as Taxes in H1 2010-11 is a post from: ProPakistani

Telecommunication industry remained a major contributor to national exchequer in terms of multiple taxes paid by costumers. These revenues have shown growth with accelerated pace on the increase usage of different telephony service by millions of customers in the country.

The customers using different telephony services have paid Rs 23.429 billion on the account of General Sales Tax (GST) in the first half of current fiscal year 2010-11, Federal Bureau of Statistics (FBR) quoted in its recently released report.

This GST amount has shown 8 percent growth in terms of its value compared with the corresponding period of fiscal year 2009-2010 in which 21.701 billion rupees were collected by the tax authorities.

GST on telephony services is originally Federal Excise Duty (FED) but it is collected in the mode of GST on every service including voice, text, value-added, subscription of call packages and SMS bundles.

The GST/FED imposed on telephony services is charged at 19.5 percent, which is highest among all sectors compared with their GST rate of 17 percent.

Telecom sector is the second major spinner among all sectors after petroleum that contributed heavily to the overall generation of GST. Its share in the overall GST is stood at 16.7 percent as compared with last year which was slightly lower and stood at 16.2 percent.

The collection from telecom sector, the second major source of sales tax, has improved by 8 percent due to increased usage of the telecom services by 9.2 percent, FBR mentioned in its report.

The growth in services utilities were seen despite millions of flood affected subscribers were unable to use telecom services for couple of months (July to August 2010).

Telecom sector has generated Rs 12.921 billion taxes on the account of Withholding Tax (WT) in the fiscal half of current fiscal year 2010-2011, FBR reported. These figures showed growth of 18.6 percent as compared with Rs. 10.89 billion WT paid by customers in the same period of last fiscal year.

The share of telecom sector in the overall WT collected by FBR is stood at 8.5 percent in July-Dec 2010. The sector is the fourth major contributor among all sectors after contracts, imports and salary heads.

The WT was paid by customers as direct tax at the rate 10 percent in the first half of current fiscal year, which has recently been increased to 11.5 percent by the government. This tax is deducted on the recharge of load/balance through scratch card or easy-load from prepaid customers whereas postpaid or fixed-lined customers pay it at the time of bill payments.

Overall the users of telephony services have paid Rs 36.35 billion in the July-December 2010 as against the figure of Rs 32.591 billion paid in same months of 2009, showing 11.53 percent growth.

These all direct (WT) and indirect taxes (GST) are paid by customers but deducted by telecom operators including landline, cellular, and wireless as withholding agent of their subscribers. Later, taxes are transferred to revenue collecting authority, FBR, by operators therefore there is negligible incidence of tax evasion in telecom sector.

It is pertinent to note here that that a total tax of Rs. 36.35 billion (GST + with holding tax) translates into a combined revenues of Rs. 92.86 billion rupees for all telecom companies in first 6 months of fiscal year 2010-11.

2:30 PM

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5:27 AM

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eHow of the Day

How to Design a Desert Garden

Traditional gardens require nutrient rich soil and lots of water, which is not found in desert climates. A desert garden uses plants that naturally thrive in hot and dry climates. These plants are better adapted for long droughts and scorching sun. Native plants are also better for the environment than plants from other regions. Plants transported from other regions may become a noxious weed in desert climates and choke out native plants. Gardeners in areas that have cold winters cannot grow desert gardens outside.…keep reading

Computer Tips From A Computer Guy

Customize the New Tab Feature in Google Chrome

Posted: 10 Apr 2011 04:15 AM PDT

With all the browsers out there now, it's difficult to figure out which one to pick and use; what's worse, is once you pick one, you have to figure out all of its features. This is where we can help. One of the cool new features in Google Chrome is the ability to customize the New Tab feature. Here's how you do it:

First, bring up Chrome if it isn't running already; go to any web page you choose; it doesn't matter, then click on the New Tab icon:

Clicking on it brings up the default New Tab page which is divided into three sections.

First, is the Apps section:

This section is for displaying Google Chrome apps that you've downloaded from the Google Apps Store. It works pretty much the same way as Gadgets for Windows 7, i.e. when you click on Web Store, the Google Chrome Web Store page loads, where you can browse through apps and download the ones you like:

The next section is the Most visited Section:

Google keeps track of which sites you visit most often and keeps them here so that you can just click on the one you want when you open a new tab.

The third section is called the Recently closed section:

Google lists the sites you've recently visited and then closed and keeps them here so that you can get right back to them if you want.

Notice how the first two sections have a little diamond next to their name; this is for showing the section in minimized or blown up view. Initially the diamond is pointing towards the section name. If you expand the Apps section, it looks like this:

Note how the diamond is now pointing down; if you click on it again, the Apps section will collapse back to what it was.

The Most visited section can be expanded or collapsed as well, it looks like this when expanded:

Next notice if you hover over either of the two mini-preview graphics above, how a menu appears above it:

The little icon on the left is a push-pin; clicking on it tells Google to keep that page on the most visited list no matter how how often you visit that page. Then, if you change your mind, you can just click on it again at some future date to let it go if you don't visit very often any more.

The other icon, the little "X" tells Google to never show that page on your most visited list.

Note: Google also always shows the name of the web site below the mini-preview graphic.

One final thing you can change is the look of the New Tab page itself by changing the theme you use for your background. To change to a different theme, click on the little wrench on the upper right hand side of the Chrome screen: