AGL 34.90 Decreased By ▼ -0.30 (-0.85%)
AIRLINK 128.35 Increased By ▲ 5.12 (4.15%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.89 Decreased By ▼ -0.02 (-0.51%)
DCL 8.09 Decreased By ▼ -0.06 (-0.74%)
DFML 43.30 Decreased By ▼ -0.92 (-2.08%)
DGKC 75.00 Increased By ▲ 0.65 (0.87%)
FCCL 24.75 Increased By ▲ 0.28 (1.14%)
FFBL 49.44 Increased By ▲ 1.24 (2.57%)
FFL 8.90 Increased By ▲ 0.12 (1.37%)
HUBC 142.89 Decreased By ▼ -2.96 (-2.03%)
HUMNL 10.49 Decreased By ▼ -0.36 (-3.32%)
KEL 3.96 Decreased By ▼ -0.04 (-1%)
KOSM 7.86 Decreased By ▼ -0.14 (-1.75%)
MLCF 33.13 Increased By ▲ 0.33 (1.01%)
NBP 57.39 Increased By ▲ 0.24 (0.42%)
OGDC 144.65 Decreased By ▼ -0.70 (-0.48%)
PAEL 25.40 Decreased By ▼ -0.35 (-1.36%)
PIBTL 5.77 Increased By ▲ 0.01 (0.17%)
PPL 115.80 Decreased By ▼ -1.00 (-0.86%)
PRL 24.06 Increased By ▲ 0.06 (0.25%)
PTC 11.03 Decreased By ▼ -0.02 (-0.18%)
SEARL 58.83 Increased By ▲ 0.42 (0.72%)
TELE 7.49 No Change ▼ 0.00 (0%)
TOMCL 41.20 Increased By ▲ 0.10 (0.24%)
TPLP 8.27 Decreased By ▼ -0.04 (-0.48%)
TREET 15.06 Decreased By ▼ -0.14 (-0.92%)
TRG 54.20 Decreased By ▼ -1.00 (-1.81%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,641 Increased By 69.2 (0.81%)
BR30 27,110 Decreased By -165.9 (-0.61%)
KSE100 82,217 Increased By 757.8 (0.93%)
KSE30 26,075 Increased By 275.6 (1.07%)

The existing computerised system installed in all the Collectorates would be upgraded by the end of December, and CBR is taking necessary measures in this regard.
This was stated by Collector Sales Tax and Federal Excise Nazim Salim while addressing a meeting at the LCCI here on Wednesday. The LCCI Vice President Aftab Ahmad Vohra, LCCI former presidents Iftikhar Ali Malik, Sheikh Mohammad Asif and Mian Misbah-ur-Rehman also spoke on the occasion.
Nazim Saleem maintained that latest technology is necessary for ideal working so realising this fact, latest computerised system is being installed in all the Collectorates. Talking about adjustment note, he said that procedure of adjustment is being completed after complete satisfaction. He added that objection memos were issued in only 5 or 6 percent cases.
Addressing on the occasion, the LCCI VP Aftab Ahmad Vohra said that the lawmakers do not keep in mind the problems of illiterate people while making taxation laws, as literacy rate is very low in the country and it create difficulties for the people to understand these laws.
He pointed out that in the age information technology unfortunately we are not getting benefits from this revolution and lacking in IT based network. He claimed that despite computerisation in CBR, difficulties of taxpayers are further increasing due to new system. He said that commercial exporters are facing problem of non-payment of refunds due to black listing of supplier companies.
In many cases, supplier companies were black listed after purchase resulting non-payment of refunds of commercial exporters. He demanded of the Collectorate to set some parameters for making payments of refund claims in case black listing of a company. He said that Sales Tax Audit had been suspended in previous budget but we came to know that Collectorate has started unannounced Audit.

Copyright Business Recorder, 2005

Comments

Comments are closed.