'We are getting Rs90m or so in a month which is exclusive of 15 per cent raise in OZT
share which is assessed at Rs110m.
OCTROI AND ZILA TAX: Talking about his government's stand on Octroi and Zila Tax (OZT
), Shah said Octroi was a consumption tax and Sindh's share was 46 percent when it was itself administering that levy.
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The additional items taken up with the permission of the chief minister included rationalisation in the monthly OZT
share of the 1,526 union councils and union committees.
Additional items discussed included rationalisation in the monthly Octroi and Zila Tax (OZT
) share of 1,526 union councils and union committees, capital shortfall in Sindh Bank, the appointment of a CEO/President of Sindh Bank, amendment in the Sindh Regularisation of Teachers Appointed on Contract Basis Act 2018 and the resource mobilisation plan 2019-20.
Briefing media persons on decisions taken by the provincial cabinet in its meeting today, the advisor said cabinet hasd discussed budget strategy and meeting was informed that during fiscal year 2018-19 Rs 411 billion had been transferred to Sindh government under National Finance Commission and OZT
share instead of Rs 669, adding that shortfall had soared to Rs 269 which was directly affecting the development agenda of Sindh government.
He said that KMC share in OzT
is Rs12 billion but we get only 6 billion out of which whereas government increase pay 10 to 15 percent every year.
KARACHI -- Employees of District Municipal Corporation Central blocked road at central office Liaquatabad Zone here on Thursday to protest against halted increase in OZT
fund of DMC Central.
Further he urged to form a committee for accquiring OZT
and to allocate funds for purchasing new vehicles to give better service to the residents of District East.
He further told that OZT
(Octory District Tex) money had been staying at a freezing point whereas the cost of living, exchange rate of US Dollar and other hikes in the cost of necessities f life had increased considerably.
The chief minister said that almost 75 percent of Sindh government's revenue receipts were dependent on Federal Transfers, consisting of shares from Federal divisible pool, Straight Transfers and the Grant to offset losses in lieu of abolition of OZT