FBR forms special audit committee
PHOTO: FILE
The Federal Board of Revenue (FBR) has constituted a special audit committee to detect cases of sales tax evasion and fraud.
The committee, established under the Sales Tax Act 1990, will examine the cases sent by the FBR’s chief commissioner. It will be mandated to inspect the offices of suspicious taxpayers and investigate forgery in sales tax returns, and assess fake refund documents. It will take action against delay in paying the withholding tax.
According to reliable sources in the FBR, tax commissioners will be required to examine the cases sent and will investigate the cases under Section 38 and 37(2) of the Sales Tax Act 1990. They will then probe those taxpayers showing abnormal profits and suspicious activities.
The committee will also scrutinise the monthly sales tax returns and deal with non-payment of tax, less payment of sales tax and federal excise duty, among other tax related issues.
Published in The Express Tribune, February 15th, 2023.
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