The Karachi Tax Bar Association (KTBA) on Tuesday requested the Federal Board of Revenue (FBR) to extend the date of filing of monthly sales tax return till October 30, 2014. In a letter sent to the FBR headquarters, KTBA said that majority of its members were unable to file sales tax returns for the tax period of September 2014, due to political impasse, which was not only disturbed the Islamabad but also put negative impact on the economy of the country.
Besides, floods are also creating hurdles in receiving information from various parts of the country which is necessary for preparing and e-filing of sales tax return for the month of September 2014. It said that the board had not timely updated the Goods Declaration (GDs) of imported items, causing to delay in finalising sales tax payment. Therefore, it has been requested the board to extend the date of filing of sales tax return till October 30, 2014.
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