FBR to bring stone crushing within tax net
Deputy Commissioner Inland Revenue, Federal Board of Revenue (FBR), Ali Salih Hayat Kalyar, said that stone crusher’s owners who were not paying taxes and not got registering their business would face stern action.
Talking to APP on Saturday, he said that stone crush at unit Pul 111, Sargodha, was supplied to all parts of the country due to the high quality of the indigenous rock. “Unfortunately, this sector has zero contribution in terms of taxes despite massive sales and huge earnings, but some highly influential vested interest persons are involved in this sector who are the major obstacle to implementation of proper taxation,” he said.
Read Vows to enforce tax and prevent tax evasion from this sector
The FBR official stated that according to safe estimates, the quantum of taxation from this sector is approximately Rs.5 billion annually. In the past, efforts were made by the tax authorities to enforce tax and prevent tax evasion from this sector.
“Recently, under the directions of Dr Faheem Mohammad, Chief Commissioner, Regional Tax Office, Sargodha, a concerted plan of action was devised to bring this sector into the tax net in the best interests of the country,” Kalyar maintained.
He said that a team was selected to monitor the production of the sector round the clock.
Published in The Express Tribune, February 25th, 2024.
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