BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

ISLAMABAD: The Federal Board of Revenue (FBR) has obtained data of unregistered buyers of sugar from Sales Tax Returns filed by the sugar mills for registration of dealers/ wholesalers of the commodity across the country.

The FBR has released a report on the actions taken for broadening of tax base (BTB) during 2022-23.

Firstly, the Annex-C (Domestic Sales Invoices) of Sales Tax Returns of certain national and multinational manufactures/ importer companies is being used for BTB purpose which contains bulk data of un-registered buyers.

FBR to sell seized sugar to USC at 50pc discount

Secondly, the data of e-stamp has been retrieved for sharing with field formations which is being used for BTB purpose for registration of potential sellers and buyers.

Thirdly, the data of un-registered buyers of sugars extracted from Annex-C of Sales Tax Returns of Sugar mills has been sent to respective regional tax offices (RTOs) for booking of new taxpayers.

Fourthly, the information with reference to tax deducted under section 236G and 236H by manufactures of certain sectors from their distributors and by distributors from their retailers, respectively, has been retrieved, dealers and retailers have been identified who are still not registered with the FBR and are being registered by their respective RTOs for broadening of tax base.

Fifthly, the information obtained from different distribution companies including gas and electricity regarding un-registered commercial/ industrial consumers is being used for BTB purpose.

Sixthly, the MoUs have been signed with different departments including NADRA, FIA and banks, etc., for provision of data for perusal, matching with the existing data of FBR and exploration of new taxpayers.

Seventhly, the interface of FBR website is under continuous improvement so that it is customer friendly, provides every possible facility to existing as well as new tax payers and is contributing a lot towards the achievement of overall BTB target.

The FBR said that the information gathered from various sources as discussed above is processed and made available to taxpayers under a newly added Tab “Malomaat” on FBR website for their facilitation as well as creating deterrence against non-declaration of existing tax payers and detection of new taxpayers.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.

Aamir Nov 29, 2023 10:42am
Good Work
0
Twain pen di Nov 29, 2023 12:16pm
this will fail, because it has Pakistani minds on both sides.
0
Ch K A Nye Nov 29, 2023 07:01pm
It's a start and I think it will pay off.
0