AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

The Federal Board of Revenue (FBR) has been requested to revise the new automated system for sales tax registration to expedite the process of sales tax registration for new applicants. In a communication with the FBR, Imtiaz Ahmad Khan, former chief executive officer PRAL, referred to the initiative taken by FBR for implementing an automated system of sales tax registration, which is an appreciable move towards facilitation of taxpayers and broadening of tax base.
He said that under the aforementioned automated system, after feeding/uploading particulars to the FBR portal, the applicant will be registered for sales tax instantly. However as per procedure, after this registration, the applicant or an authorised person will need to visit a National Database and Registration Authority (Nadra) e-Sahulat Centre within a month for biometric verification. In case of failure to complete biometric verification, the registered person's name shall be taken off the Active Taxpayer List for sales tax.
"Sir you are aware of the fact that in accordance with the directions of State Bank of Pakistan, all account holders have to get their accounts biometrically verified and new bank accounts are not opened without biometric verification. In the light of facts stated above, it is proposed that instead of sending the applicant to Nadra e-Sahulat Centre for biometric verification, the FBR should just obtain an electronic information/confirmation (via API - Application Programming Interface) from the bank or central database of accounts maintained by 1-Link which will not only confirm his biometric verification but will also verify his account title and the operative status," he suggested.
He said that implementation of the aforementioned proposal will not only expedite the process of sales tax registration but will also relieve the taxpayer from the hassle of visiting any other office.

Copyright Business Recorder, 2019

Comments

Comments are closed.