Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue has detected evasion of duties and taxes worth over Rs 20 billion in 26 mega cases within the documented sectors including sugar, soft drink manufacturers, textile processing units, two power producers, a tobacco unit and ship breakers.
Sources told Business Recorder here on Tuesday that the directorate of intelligence IR has compiled a list of 26 large-scale evasion cases of duties and taxes worth Rs 20 billion by units operating in important sectors of the economy. Details of the cases revealed that the directorate had framed a contravention report in the case of a soft drink manufacturer for evasion of sales tax and FED amounting to Rs 4,878.290 million. The directorate has asked the Large Taxpayer Unit (LTU) Lahore to recover the evaded amount of duties and taxes. The investigation report has also been issued by the agency in the case of same soft drink manufacturer involved in evasion of income tax of Rs 2,512.330 million. The agency has asked the LTU Lahore to recover the due amount of tax.
The directorate of intelligence IR has unearthed sales tax evasion of Rs 2,500.000 millions by ship breakers within the jurisdiction of RTO-III Karachi. An amount of Rs 125 millions has been recovered so far.
Another leading soft drink manufacturer has been involved in FED/Sales Tax evasion involving Rs 500 millions. The case of tax evasion has been detected by Regional Tax Office (RTO) Lahore. The FED/ sales tax evasion by a bottler is Rs 500 millions detected by RTO Lahore. At the same time, the FED/ Sales Tax evasion by another Bottler is Rs 806 millions detected by RTO Gujranwala.
The directorate of intelligence IR has issued contravention reports against the tax evasion by various sugar mills. The directorate of intelligence IR has issued contravention reports to the Large Taxpayer Unit (LTU) Lahore.
The directorate of intelligence IR has issued contravention report in the case of a power company involving Rs 75.315 millions. The contravention report has been communicated to the RTO Lahore for necessary action.
Another contravention report has been issued in the case of a paper unit involving Rs 88.955 millions. The contravention report has been communicated to the RTO Lahore for necessary action. In another case, a contravention report has been issued in the case of a company involving Rs 81.190 millions.
The directorate of intelligence IR has unearthed fake imports in the case of a enterprises involving Rs 96.693 million within the jurisdiction of RTO Lahore.
The agency has detected evasion of FED in the case of local tobacco manufacturers involving an amount of Rs 161.694 million. The matter is being investigated by RTO Lahore.
The directorate of intelligence IR has also detected evasion of income tax in the case of an individual involving Rs 16.250 millions.
The case of inadmissible input detected in the case of leading multinational company involving Rs 58 millions. The matter is being investigated by the LTU Lahore.
The directorate of intelligence IR has also detected misuse of SRO 283 by Textile Processing Units. The amount of more than Rs 300 million is involved and matter is being investigated by RTOs Karachi, Lahore & Faisalabad.
Fifteen contravention reports were forwarded by the agency to RTOs/LTU at Karachi involving an aggregated amount of Rs 1059.36 million, out of which recovery of Rs 93 millions has been realized so far.
The directorate of intelligence IR has also issued 'Red Alerts' in 50 eases (27 in Karachi) as a result loss of revenue to the tune of around Rs 1,000 million in the form of bogus refund is detected. Three cases were detected in Karachi in which fake imports were made and a recovery of Rs 13.08 millions was realized.
The scam of misuse of SRO 575 was unearthed as a result a loss of revenue of nearly Rs 2000 millions was detected for the tax year 2009. The Custom Department's software has been modified and additional revenue of Rs 800 millions was realized. Monitoring of this activity is required.
The scam of non deposit of sales tax through fake computerised payment receipt numbers (CPRNs) in connivance with bank officials was detected in Karachi. As a result of this initiative recovery of Rs 20 million was made, sources said.
The directorate of intelligence IR has also detected Rs 156 millions fake/ fraudulent input tax adjustment in the case of an enterprise in the jurisdiction of RTO, Islamabad.
Total revenue of above Rs 20 billions is involved in these 26 major cases. The said list has been compiled on the basis of information available in the Directorate General's Secretariat and prepared by the Additional Director (HQs) at Karachi, sources added.
Comments
Comments are closed.