Intelligence and Investigation Inland Revenue (I&I) Lahore raided a known cosmetic company's office in the provincial metropolis on Friday and took all the records in to custody for investigation in to an alleged sales tax evasion of millions of rupees.
The department on a tips that a known cosmetic company is involved in sales tax evasion since long raided the office of that company situated in Multan Road area of the provincial metropolis under the supervision of Additional Director Aamir Abbas and took in to custody whole sales tax record, CPUs, laptops, cheque books and record about sales, purchase and supplies.
The raiding team included Deputy Director Intelligence Inland Revenue Saad Waqas, Ajlal Khan, Superintendent Jamshed Yousaf and others. According to the department sources, one FBR official belonging to RTO-II Zone 10 was present in the office of that company who told the intelligence team that he was supervising all tax matters of the company. He has also been taken in to custody on suspicion of conniving with the company for sales tax evasion.
As per initial investigation, the Intelligence and Investigation wing of Inland Revenue checked the record of a sister concern of this company manufacturing plastic bottles and found that it had paid Rs 8,700,000 in electricity bills from November 2013 to October 2014 but tax was not paid in line with the electricity bills. The intelligence team also took record of bank accounts which show transactions of millions of rupees but no sales tax paid.
Deputy Director Intelligence Saad Waqas told this scribe that they had received a complaint upon which bills of the company were checked and found that there were huge payments but no sales tax paid. He said that I&I wing had initiated an investigative audit of all the record to establish the allegation.
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