Prime Minister Imran Khan said the FBR had assured to roll out the track and trace system by July this year but now the Sindh High Court has given a stay on it.
So far, from investigations, it appears that the accused is involved in a huge scam of hundreds of millions of tax fraud by means of being the epicenter of notorious business of fake/flying invoices, informed FBR.
As per FBR, these laws mandate FBR to notify the date for the implementation of Electronic Monitoring of productions and sales of goods in the manner prescribed in the law on all manufacturing sites (unless otherwise provided) of all the notified sectors.
As per FBR, this system would eliminate human interaction between tax authority and taxpayers as well as ensure quick relief to the business community.