They said that these registered persons, who were involved issuing sales tax invoices without any physical movement of goods, were operating through various cities in Pakistan. Sources said that Directorate had so far identified paper transactions valuing Rs 7.729 billions involving sales tax of Rs 1.305 billion; adding that suspected revenue involved in the scam would rise up to Rs10 billion.
Sources said that such bogus registered persons declared sales of multiple description of goods including coal & coal products, lubricating oil and greases, petroleum & similar product, article of plastic, chemicals, paper, yarn, filament, textile articles, computer and office equipment, miscellaneous electrical equipment, furniture beddings and cushions etc. which were not relevant with purchases of their buyers who were actually beneficiaries of the scam.
Furthermore, sources said that on physical verification of existence /taxable activities of the registered persons, no such persons were found existent and most of the persons engaged in the scam had not paid a single penny to the kitty either as sales tax or income tax despite having declared supplies worth in millions.
They said that the cases of bogus registered persons were falling in the jurisdictions of different cities hence the Directorate was recommending the cases to other relevant Directorates.
The blacklisted bogus registered persons are M/s. Shahid Enterprises, M/s. Hashmi Traders, M/s. Jibran Enterprises M/s. Rizwan Enterprises, M/s. Lucky Corporation, M/s. Zaid Emprises, M/s. Zahid & Co, M/s. Khatri Enterprises, M/s. S.S.S. Expo, and M/s. A-One Packages. Investigation is in progress.