The Federal Board of Revenue (FBR) is planning to revise the sales tax registration procedure for the new applicants in view of serious complaints against the Central Registration Office (CRO), FBR, for delaying issuance of sales tax registration numbers (STRNs).
Sources told Business Recorder here on Friday that the issue was raised by some Chief Commissioners during the last Chief Commissioners' conference that the existing system of issuance of sales tax registration number is not only faulty but is also causing delay. Therefore, it was decided to constitute a committee under the convenership of Muhammad Raza Baqir, FBR Member (Admn) for reviewing the existing system, taking into account the delay and reporting on this behalf by January 24, 2012.
According to sources, the FBR on Friday issued an office order to implement the decision of the Chief Commissioners' conference for the constitution of committee on revising sales tax registration mechanism. The committee would comprise officials of the FBR as well as the Pakistan Revenue Automation Limited (PRAL) to review the existing system and procedure of obtaining sales tax registration numbers. The members of the committee included FBR Chief Automation; FBR Chief Sales Tax; FBR Chief Revenue Budget and General Manager PRAL.
Sources said that the FBR office order has also given the functions and responsibilities of the committee for finalisation of the new registration procedure. On the basis of the feedback of the field formations, the reported misuse of registration, hardships faced by the genuine applicants and reported inordinate delay the committee will give its recommendations to the FBR Member Inland Revenue.
Taking into account recommendations of the committee, the FBR will implement modifications in the existing sales tax registration procedure. The FBR's office order has also directed the committee to immediately convene its first meeting for completion of the assignment by January 24, 2012.