Taxpayers advised to check data printed in CPR issued by banks

Taxpayers should properly check the information printed on 'Computerised Payment Receipt' (CPR), issued by banks, to ensure collection of accurately stamped CPR on payment of income tax under new automation system.
Sources told Business Recorder on Tuesday that it is the responsibility of taxpayer to ensure verification of correct data printed on the CPR generated by the branches of State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP). On submission of challan to the banks, taxpayer should see whether the correct amount, name of the depositor and National Tax Number (NTN) has been specified on the CPR or not.
The computerised national identify card number (CNIC) could also be submitted as replacement of NTN in cases where bank system showed invalid or wrong NTN.
In case there is any discrepancy in the input form (old income tax challan form) and the CPR, taxpayer should rectify the error at the time of payment at the bank. If the taxpayer was unable to rectify the error, he should immediately approach the relevant Commissionerate or Regional Tax Office (RTO) for guidance. For wrong NTN, the taxpayer should check the CBR database for obtaining new NTN, if required.
For bulk data (multiple challans or withholding agents data), the new format has been finalised by CBR/NBP for which Pakistan Revenue Automation Limited (PRAL) will develop the requisite software under the guidelines of NBP. The SBP and CBR have launched second phase of automated tax deposit system under which multiple challans with NTNs or CNICs are acceptable at banks.
According to sources, the CBR has informed the SBP that the notification for issuance of CPR has been issued by the Board. However, some of bank branches have not yet started issuance of CPR to the depositor.
The Board has informed the SBP to implement the banking automation project at all its branches, sources said. The system has been designed to capture the entire tax revenue receipts electronically and its online transmission to the stakeholders. The new system will gradually introduce paperless accounting and reporting environment and will ultimately replace the cumbersome challan-based system of reporting.