Directorate of Intelligence and Investigation of Federal Board of Revenue (FBR), Karachi has detected Rs 39.111 million in sales tax return and refund fraud cases in the month of August.
Source in Directorate of Intelligence and Investigation FBR told Business Recorder here on Thursday that three different types of sales tax evasion cases had been found in previous month. Elaborating details while answering the queries on the sales tax exemption cases, he said that a reputable manufacturer of metal container had evaded the sales tax by making inadmissible input adjustments in sales tax against the raw material.
However, these unqualified sales tax adjustments against manufacturing material goods, which have not been used in the making of the manufacturing of metal container, are assumed as taxable goods. This reputable container manufacturing factory has involved in evasion of sales tax amounted to Rs 2.541 millions, he added.
In another case a supply unit of goods has found guilty in the non-payment of sales tax returns, he said and adding that unit was involved in supplying photographic papers without paying sales tax on taxable supply as per sales tax act, 1990 under section 3.
He said that respectable supplier had intentions to earn more profit by exempting sales tax besides causing a huge loss to national exchequer amounting of Rs 4.584 millions. He further said that action had also been carried out against the fake claim of sales tax refunds fraud case of Rs 31.986 millions by the Directorate of Intelligence and Investigation on the fake invoices from the sales tax collectorate Karachi.
In this controversial case, accused suppliers of refund claim case used fake Computerised National Identity Card to open bank accounts, aimed to hide their original identity, in case they face investigation, he said. These suppliers have been registered as sales tax payers and refund case have been processed smoothly on fake invoices by sales tax refund office.
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