AGL 40.07 Increased By ▲ 0.04 (0.1%)
AIRLINK 127.80 Increased By ▲ 0.10 (0.08%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.47 Decreased By ▼ -0.13 (-2.83%)
DCL 8.91 Increased By ▲ 0.12 (1.37%)
DFML 41.60 Increased By ▲ 0.02 (0.05%)
DGKC 87.30 Increased By ▲ 1.51 (1.76%)
FCCL 32.80 Increased By ▲ 0.31 (0.95%)
FFBL 64.64 Increased By ▲ 0.61 (0.95%)
FFL 11.40 Increased By ▲ 0.85 (8.06%)
HUBC 111.60 Increased By ▲ 0.83 (0.75%)
HUMNL 14.85 Decreased By ▼ -0.22 (-1.46%)
KEL 5.01 Increased By ▲ 0.13 (2.66%)
KOSM 7.39 Decreased By ▼ -0.06 (-0.81%)
MLCF 40.95 Increased By ▲ 0.43 (1.06%)
NBP 61.40 Increased By ▲ 0.35 (0.57%)
OGDC 194.81 Decreased By ▼ -0.06 (-0.03%)
PAEL 27.50 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.75 Decreased By ▼ -0.06 (-0.77%)
PPL 153.00 Increased By ▲ 0.47 (0.31%)
PRL 26.55 Decreased By ▼ -0.03 (-0.11%)
PTC 16.10 Decreased By ▼ -0.16 (-0.98%)
SEARL 84.48 Increased By ▲ 0.34 (0.4%)
TELE 7.91 Decreased By ▼ -0.05 (-0.63%)
TOMCL 36.76 Increased By ▲ 0.16 (0.44%)
TPLP 8.90 Increased By ▲ 0.24 (2.77%)
TREET 17.07 Decreased By ▼ -0.59 (-3.34%)
TRG 57.12 Decreased By ▼ -1.50 (-2.56%)
UNITY 26.72 Decreased By ▼ -0.14 (-0.52%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,707 Increased By 514.7 (0.55%)
KSE30 29,412 Increased By 210.6 (0.72%)

ISLAMABAD: FBR’s automation process of refund of Sales Tax had started in 2002 through introduction of STARR system which was semi-automated system and refund claimants would file refund claims through Refund Claims Preparatory System (RCPS). Refund data was taken to field offices on CDs where the refund claims were sanctioned at field level.

In the year 2011, ERS was introduced for processing of refund claims of manufacturers-cum-exporters who could file their refund claims online whereas STARR system continued for processing of refund claims for other sectors. In the aftermath of the rollback of zero rating, FASTER was introduced with effect from July, 2019 for processing of refund claims of ex-zero rated exporters at a fast pace of 72 hours. Since the system was newly made, many system glitches marred proper working of FASTER system. Since its beginning, due to these technical glitches in the FASTER system, refund claimants faced problems like many of the cases stuck up at pre-processing stage, missing amount of refunds, no intimation about the status of refund and delays in processing and sanctioning of refunds. System was also new for refund claimants and erroneous filing of refund claims through Annex-H was rampant.

However, IR Operation Wing of FBR along with PRAL in July, 2020 started the task of overhauling the FASTER system to make it glitch-free and completely transparent with end-to-end fully automated.

Due to FASTER Plus System, Sales Tax refund claims of exporters which were stuck up at pre-processing stage in the FASTER system due to any reason including erroneous filing stand rolled back to claimants to provide an opportunity to exporters to review and resubmit their claims after removing shortcomings. The step allowed refunds to thousands of refund claimants to get their long stuck up refunds.—PR

Copyright Business Recorder, 2020

Comments

Comments are closed.