PTEA members told: 'Refunds amounting to Rs42.4m disbursed by LTO Multan'

FAISALABAD: The Chief Commissioner Large Taxpayers Office (LTO) Multan Nabila Faran Baig has said that refunds amounting to Rs 42.4 million were disbursed by the LTO during the month of July-21.

We are fully committed to follow the vision of FBR to facilitate export industry which is the main engine of economic growth. Addressing the members of Pakistan Textile Exporters Association (PTEA) here on Wednesday, she said that despite less workforce, LTO Multan is trying to resolve the tax matters of taxpayers on more strategic basis.

She informed that companies having annual turnover of Rs.1 billion or more, within the territorial jurisdiction of Multan and nearby areas, were transferred to the Large Taxpayer Office (LTO) Multan.

Difficulties in transfer of tax records from one jurisdiction to other is creating problems in processing of refunds and other issues, she admitted and added that FBR is resolving the problems of exporters, manufacturers and business community at their doorstep as per the instructions of Prime Minister Imran Khan.

Responding to a question, she said that necessary arrangements are being made for processing of deferred and u/s 66 claims of sales tax of exporters.

Earlier, PTEA Chairman Muhammad Ahmad welcomed the Chief Commissioner LTO, Multan.

He lauded Government's effective measures to cope with the adverse impacts of COVID-19 pandemic; especially disbursement of outstanding refunds which has significantly helped in easing off the liquidity crisis and supported the export industry in prevailing turmoil situation.

He pointed out that Jurisdiction of some tax payers has been transferred from Faisalabad to Multan despite having 100 per cent exports which has created great deal of confusion and hardship.-PR

Copyright Business Recorder, 2021