AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

The National Accountability Bureau (NAB) has asked the Sales Tax Collectorates to provide complete records of eight more taxpaying companies along with the names of their processing officers.
According to sources, the NAB has sought complete records of eight more taxpaying units including some well-known multinational companies along with the name of taxmen, who cleared their sales tax refund claims, through letter 10357-0/1/CVC-3600/IO/2 NAB Sindh/2008.
Meanwhile, the official activities at all sales tax offices are still suspended where no RPO has been issued for last five days. When contacted, the members of action committee said that memorandum has been signed by over 100 taxmen in which they vowed not to resume work until the concerned authority would not restrain NAB from taking action against them.
They have demanded amendment in Sales Tax Act to facilitate taxmen and if amendment is not possible, they said the authority should issue directives to shutdown STARR, which creates immense problems for taxmen.
They said that on one hand the sales tax officials have been accused of not verifying the section 73 documents, while on the other, the manufacturers have been exempted from submitting the said documents as per Refund Rules.
They said that NAB also alleged sales tax officials of not verifying bank documents before clearing refunds claims, whereas Collectorate has no mechanism to verify the bank documents submitted by taxpayers.
They urged the Federal Board of Revenue (FBR) to make its vigilance wing active so that legal action can be taken against responsible officials. They hoped that it would help eradicate the role of NAB in the departmental issues.

Copyright Business Recorder, 2008

Comments

Comments are closed.