02142016Sun
Last update: Sun, 14 Feb 2016 03pm

FBR urged to introduce new sales tax registration system

Lahore Tax Bar Association (LTBA) has urged the Federal Board of Revenue (FBR) to immediately introduce the new sales tax registration system saying that the computerised risk evaluation programme introduced by the FBR for sales tax has failed.

LTBA said that the taxpayers are facing numerous hardships due to the computerized programme. It also urged the FBR to dispose of pending audit cases at the earliest.

These views were expressed by the LTBA office-bearers at a seminar arranged by the Bar with regard to sales tax here on Tuesday.

LTBA President Qari Habib-ur-Rehman Zuberi speaking on the occasion claimed that the Pakistan Revenue Automation (Pvt) Limited has no authority to suspend the companies. He said step of suspending over 3,100 companies is illegal and it will cause loss of billions of rupees to the national exchequer.

Qari Habib-ur-Rehman also claimed that the computerised risk evaluation programme needs reforms and improvement.

He also drew the attention of the department towards pending audit cases and claimed that no audit case had been completed since 2003.

Copyright Business Recorder, 2013