The Federal Board of Revenue (FBR) has empowered the ''Commissioner/Collector Audit'' of Large Taxpayers'' Unit, Lahore, to conduct risk-based sales tax and federal excise audit through profiling and analysis of large taxpaying companies, corporate entities and business units from May 1, 2009.
The FBR has given powers of sales tax and federal excise audit to the LTU Lahore "Commissioner/Collector Audit" through a ''jurisdiction order'' issued here on Saturday. The powers and functions of the newly re-designated posts of "Commissioner/Collector" have been issued to allow the income tax department to exercise powers of Sales Tax Act and Federal Excise Act at LTU Lahore.
Similarly, sales tax and excise officials can exercise income tax powers available under the Income Tax Ordinance 2001 at the LTU, Lahore. According to the order, FBR has issued the powers, functions and Jurisdiction of posts of "Commissioner/Collector Audit"; "Commissioner/Collector (Enforcement-I); "Commissioner/Collector (Enforcement-II)"; Commissioner/Collector Legal; "Commissioner/Collector (Information Processing Division)"; "Commissioner/Collector (Taxpayers'' Facilitation Division)" and powers and functions of "Commissioner/Collector (Human Resource Management Division)".
Beside income tax functions, "Commissioner/Collector (Enforcement-II)" would have the authority to deal with the Enforcement and Collection of Sales Tax; Recovery cell; processing and Sanctioning of Refund claims filed under section 10 and 66 of the Sales Tax Act; dealing with non-filers and un-traceable units; approvals regarding Duty and Taxes Remission on Exports (DTRE) and Concessionary Imports.
The "Commissioner/Collector Audit" of Large Taxpayers'' Unit, Lahore, would also be empowered to conduct audit of Duty & Taxes Remission on Exports (DTRE); Post-Refund Audit; Audit Management Cell functions; investigative audits after action under section 38 of the Sales Tax Act and any other audit function given by Director-General, LTU, Lahore, or FBR for achieving the purpose of Sales Tax Act, Law and Procedures thereof. He would also implement audit planning and audit strategy in accordance with audit guidelines and audit manuals developed by FBR or Member (Audit). The ''jurisdiction order'' has given detailed functions of all these posts created under the reforms at LTU, Lahore.