AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 136.21 Decreased By ▼ -0.24 (-0.18%)
BOP 5.38 Decreased By ▼ -0.06 (-1.1%)
CNERGY 3.72 Decreased By ▼ -0.08 (-2.11%)
DCL 7.41 Decreased By ▼ -0.09 (-1.2%)
DFML 45.40 Decreased By ▼ -0.01 (-0.02%)
DGKC 78.25 Decreased By ▼ -0.27 (-0.34%)
FCCL 28.58 Decreased By ▼ -0.31 (-1.07%)
FFBL 56.10 Decreased By ▼ -0.90 (-1.58%)
FFL 8.93 Decreased By ▼ -0.34 (-3.67%)
HUBC 101.70 Increased By ▲ 4.90 (5.06%)
HUMNL 13.15 Decreased By ▼ -0.25 (-1.87%)
KEL 3.75 Decreased By ▼ -0.02 (-0.53%)
KOSM 7.30 Increased By ▲ 0.02 (0.27%)
MLCF 37.05 Decreased By ▼ -0.75 (-1.98%)
NBP 66.60 Decreased By ▼ -0.90 (-1.33%)
OGDC 164.80 Decreased By ▼ -2.72 (-1.62%)
PAEL 24.80 Decreased By ▼ -0.30 (-1.2%)
PIBTL 6.62 Decreased By ▼ -0.08 (-1.19%)
PPL 128.00 Decreased By ▼ -3.50 (-2.66%)
PRL 23.86 Decreased By ▼ -2.54 (-9.62%)
PTC 14.80 Decreased By ▼ -0.30 (-1.99%)
SEARL 60.87 Decreased By ▼ -1.38 (-2.22%)
TELE 6.90 Decreased By ▼ -0.10 (-1.43%)
TOMCL 35.80 Decreased By ▼ -0.43 (-1.19%)
TPLP 7.65 Decreased By ▼ -0.23 (-2.92%)
TREET 14.05 Increased By ▲ 0.05 (0.36%)
TRG 44.59 Increased By ▲ 0.04 (0.09%)
UNITY 25.84 Decreased By ▼ -0.01 (-0.04%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 9,089 Decreased By -54.7 (-0.6%)
BR30 27,134 Decreased By -191.8 (-0.7%)
KSE100 85,250 Decreased By -335.3 (-0.39%)
KSE30 26,803 Decreased By -181 (-0.67%)

The Federal Board of Revenue (FBR) has constituted a committee for Business Process Re-Engineering (BPR) of Expeditious Refund System (ERS) to remove loopholes in the speedy refund payment system. In this regard, the FBR has issued an office order here on Wednesday.
Sources said that the BPR reviewed the entire ERS for making the system foolproof and error-free for speedy payment of refunds. The BPR would also analyse the suggestions of the Directorate-General of Intelligence and Investigation, Inland Revenue (IR) which has detected major loopholes in the ERS. The directorate has suggested a review of the entire system to prevent fraudulent refund claims or duplicate issuance of sales tax refunds. The directorate has found that another major loophole in the system is that the ERS does not cater to refunds under Special Excise Duty (SED). According to the FBR, the following team is constituted with the approval of the competent authority for BPR of the ERS): Abdul Rashid, Chief Reforms, FBR (HQ), Islamabad; Fawad Khan Yousafzai, Secretary (Projects), FBR (HQ), Islamabad; Zail-ul-Abdeen Sahi, Additional Director, DGTR, Lahore; Shafqat Hayat Hotiana, Additional Commissioner, LTU, Lahore; Malik Akhlaq Ahmed, Assistant Commissioner, RTO, Rawalpindi; Fazal Amin Shah, Assistant Commissioner, RTO, Peshawar; Shehzad Faisal, Inland Revenue Audit Officer, RTO, Rawalpindi and Ashfaqe Ahmed, Team Leader/Project Manager (ST Refund) PRAL, FBR (HQ), Islamabad.
The team members will continue to perform their normal functions at their respective places of posting. They will co-ordinate through video conferencing in connection with BPR work, the FBR added.

Copyright Business Recorder, 2012

Comments

Comments are closed.