The Directorate of Intelligence and Investigation Inland Revenue (IR) Islamabad has conducted a raid on two leading malls and clothes retailer in Rawalpindi for allegedly committing tax fraud. It is learnt that the expert team of the directorate while analysing the data of the Rawalpindi based top malls revealed discrepancies and multiple sales tax registrations to commit sales tax evasion.
During the ongoing exercise against the tax evaders in twin cities of Islamabad and Rawalpindi, the directorate has intensified its efforts through data analysis and informers based networks. In such kinds of cases, directorate has found that units maintain several undeclared and Benami bank accounts to commit sales tax evasion.
As per information a team headed by deputy director Muhammad Junaid Murtaza and Assistant Director Mehdi Hassan raided the outlets and godowns of Retailers in Saddar and commercial market area of Rawalpindi. The team conducted thorough search of business premises and impounded servers, computers, cheque books and other sales related records. The owners of these two famous malls got multiple registrations in sales tax to suppress sales. Initial scrutiny of impounded record reveals that they are involved in sales tax evasion amounting to hundreds of thousand of rupees. Directorate of Intelligence and investigation has started criminal proceedings against the owners of malls as they were maintaining several undeclared and Benami bank accounts along with sales tax evasion.