FinanceNews

Revenue Board starts sales tax arrears recovery from short-filers

ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has started recovery of sales tax arrears from hundreds of short-filers who paid less tax in December 2002 compared to departmental estimates, sources told Business Recorder on Friday.

These short-filers include businessmen, industrial units, registered persons and traders belonging to different sectors.

The CBR has compiled ten different lists of short-filers, which will be provided to collectors of sales tax, Karachi (East) and (West), Hyderabad, Lahore, Faisalabad, Peshawar, Rawalpindi, Gujranwala, Multan and Quetta.

The CBR has informed all collectors of sales tax that the lists contain the amount payable, actual amount paid and due amount to be deposited by the taxpayer.

The CBR has compiled the tax figures after processing sales tax returns of taxpayers submitted by the collectorates of sales tax.

The regional authorities would verify these figures by comparing them with the actual returns available at the collectorates.

The CBR has asked the authorities to initiate necessary proceedings against the taxpayers for the recovery of short-paid amount after confirmation of less payment by scrutinising the data available.

Sources said that the new sales tax registration rules, to be notified in February 2003, would effectively deal with different categories of taxpayers including short-filers, non-filers and nil-filers under the restructuring plan.

Related Articles

Back to top button
Stay up to date
Don't miss out on the latest industry news and articles
Stay up to date
Don't miss out on the latest industry news and articles
You are Subscribed!
Your subscriptions means a lot to us.
Don't miss out on the latest Industry news
You are Subscribed!