AIRLINK 173.68 Decreased By ▼ -2.21 (-1.26%)
BOP 10.82 Decreased By ▼ -0.16 (-1.46%)
CNERGY 8.26 Increased By ▲ 0.26 (3.25%)
FCCL 46.41 Increased By ▲ 0.29 (0.63%)
FFL 16.14 Increased By ▲ 0.07 (0.44%)
FLYNG 27.80 Increased By ▲ 0.38 (1.39%)
HUBC 146.32 Increased By ▲ 2.36 (1.64%)
HUMNL 13.40 Increased By ▲ 0.05 (0.37%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 59.66 Increased By ▲ 0.16 (0.27%)
OGDC 232.73 Decreased By ▼ -0.02 (-0.01%)
PACE 5.80 Decreased By ▼ -0.08 (-1.36%)
PAEL 47.98 Increased By ▲ 0.50 (1.05%)
PIAHCLA 17.75 Decreased By ▼ -0.22 (-1.22%)
PIBTL 10.40 Decreased By ▼ -0.18 (-1.7%)
POWER 11.32 Decreased By ▼ -0.06 (-0.53%)
PPL 191.48 Decreased By ▼ -1.82 (-0.94%)
PRL 36.83 Decreased By ▼ -0.17 (-0.46%)
PTC 23.20 Decreased By ▼ -0.57 (-2.4%)
SEARL 98.76 Decreased By ▼ -1.11 (-1.11%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.62 Decreased By ▼ -0.57 (-1.53%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.73 Decreased By ▼ -0.02 (-0.26%)
TPLP 10.75 Decreased By ▼ -0.12 (-1.1%)
TRG 66.01 Increased By ▲ 0.87 (1.34%)
WAVESAPP 10.82 Decreased By ▼ -0.09 (-0.82%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.79 Decreased By ▼ -0.02 (-0.52%)
BR100 12,644 Increased By 35.1 (0.28%)
BR30 39,387 Increased By 124.3 (0.32%)
KSE100 117,807 Increased By 34.4 (0.03%)
KSE30 36,347 Increased By 50.4 (0.14%)

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday directed field formations to dispose of deferred sales tax refunds communicated by the automated system till date, by June 1, 2024.

In this connection the FBR issued instructions to the Chief Commissioners Inland Revenue of field formations on the disposal of deferred sales tax refund claims.

According to the FBR’s instructions, in order to liquidate the pendency of deferred sales tax refund claims and to avoid further piling up of these claims, it has been decided that the field formations shall:

Fraudulent sales tax refunds: FTO urges FBR to take on corrupt officials

i); Dispose of deferred pending sales tax refund already communicated by the automated system till date, by June 1, 2024.

ii); Dispose of deferred pending sales tax refund claims arising henceforth within one month of the communication of the deferment of the claims by the automated system.

iii); The Chief Commissioners-IR concerned are requested to personally monitor the processing and disposal of deferred pending sales tax refund claims and ensure that the above instructions of the Board are strictly compiled with, FBR’s directive added.

Copyright Business Recorder, 2024

Comments

Comments are closed.

T Mar 08, 2024 07:39am
creating solutions for the problem or creating problems for a solution? FBR stuck in the loop.
thumb_up Recommended (0)