Sindh Revenue Board (SRB) has prepared its own automation system including the bank-portal which is likely to be introduced in Sindh Bank for the collection of sales tax on certain services shortly, Business Recorder learnt on Wednesday. Currently, SRB is getting complete technical assistance from Pakistan Revenue Automation Limited (Pral) for the collection of sales tax on services.
All 42 authorized branches of National Bank of Pakistan are using Pral's system. SRB would also extend contract with Pral soon for the new fiscal year 2012-13, sources claimed. Sources familiar with this development told Business Recorder that Information Technology (IT) experts of SRB have made the automation system including bank-portal like Pral in the first week of June 2012.
Former Chairman SRB Nazar Hussein Mehar had also announced creation of SRB's own automation system during a conference titled "Sales Tax on Services - Lessons learnt and way forward," held at a local hotel on May 9, 2012, they said. SRB had to introduce its own system from FY-13 but it could not do this due to some technical reasons so now, SRB is likely to introduce its own system in Sindh Bank, they said.
SRB and Sindh Bank are likely to reach an agreement soon for authorisation of some bank branches in various areas of the province. This initiative had been taken by the head of Sindh Bank who visited SRB head office to enter an agreement for authorisation of some bank branches, they added. When contacted, Chairman SRB Shakaib A Qureshi told Business Recorder that he is monitoring each and very section of SRB minutely.
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