The Central Board of Revenue (CBR) has updated the list of blacklisted units up to March 28, 2005 to prevent the traders from carrying out business transactions with these suspected units. The names of blacklisted units have been revised here on Monday amending the previous list of February 14, 2005. The list contains suspected units of Karachi, Hyderabad, Faisalabad, Lahore, Rawalpindi, Peshawar, Multan and Gujranwala. Most of these units have obtained sales tax registration number, but these units are not traceable on their addresses.
The list has been issued so that the businessmen should avoid deals with these units as their invoices could not be used for claiming wrong sales tax refund. The move would also act as an effective tool to check the phenomenon of fake and flying invoices.
The collectors of sales tax exclude or include names in the list after necessary audit/verification of data.
Similarly, the units could also approach the department for exclusion of their names, submitting documents supporting their claims.
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