ISLAMABAD: In a major relief provided to exporters, the Federal Board of Revenue (FBR) Thursday announced that exporters have been allowed to review and resubmit their sales tax refund claims filed under the FASTER system after removing shortcomings by September 20, 2020.
This would allow exporters to resubmit their sales tax refund claims to the tune of billions by the said deadline. The FBR said that there is an important announcement for exporters.
The sales tax refund claims of exporters which were stuck up at pre-processing stage in the FASTER system due to any reason including erroneous filing stand rolled back to provide an opportunity to exporters to review and resubmit their claims after removing shortcomings by September 20, 2020. All such refund claimants have also been informed electronically, the FBR added.
Copyright Business Recorder, 2020
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