The Federal Board of Revenue (FBR) has postponed the meeting of the Board-in-Council, which was to be held on Tuesday, due to heavy engagements of FBR Chairman Salman Siddiq. Sources told Business Recorder here on Monday that the FBR would soon announce a new date of the Board-in-Council when the FBR Chairman Salman Siddiq would be in Islamabad.
The council would take decisions on the pending cases of sales tax frauds detected by the Directorate General of Customs Intelligence. The Board-in-Council would also discuss issues of stuck up arrears of an independent power producer; report of FBR/Pakistan Revenue Automation Limited (PRAL) steering committee on PRAL and its initiatives in FBR; refund claims of a cement manufacturer, demand for enhancement of legal advisor retainership fee from Rs 40,000 to Rs 100,000; cases of sales tax & federal excise pending with DG (I & I), FBR and actionable points of the monitoring & implementation committee of Public Accounts Committee regarding the FBR.
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