FBR raids unregistered three furniture shops

The Federal board of revenue (FBR) on Thursday raided unregistered three furniture shops on G.T Road in front of DHA and seized their record to unearth alleged tax evasion.

According to the details released by the intelligence arm of the FBR on Thursday, the FBR's Intelligence & Investigation teams of Inland revenue led by Deputy Director Sarwat Malik Habib with the help of police raided three furniture shops including Wood Kastle, Wood Hive and Imbaco Furnishers located on G.T Road in front of DHA gate. The units were not registered with the sales tax department.

Under newly placed Standard Operating Procedures (SOPs), the FBR has allowed raiding of business premises in case of only unregistered units. The investigating is underway to ascertain exact level of alleged tax evasion against these three shops.

Copyright Business Recorder, 2019