Taxation

Massive ST discrepancies worth Rs seven billion detected

The Federal Board of Revenue (FBR) has detected massive sales tax discrepancies to the tune of Rs 7.498 billion in 6,077 cases and directed field formations to immediately process these cases through Integrated Tax Management System (ITMS) for recovery of the evaded amount.

According to the FBR’s instructions to the chief commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) here on Friday, the information received from project director (Crest), Lahore informs about number of CREST cases still have not been assigned jurisdiction in ITMS. Resultantly, these cases remain unattended.

It is, therefore, requested that jurisdiction of such cases of registered persons may be immediately be assigned in ITMS, so that the concerned officer may view such cases through his ITMS login and may process the case to recover the evaded amount of sales tax . Reportedly, the amount of sales tax involved in these 6,077 cases is over Rs 7.498 billions, the FBR instructions said.

There are number of CREST cases that have not been assigned jurisdiction in ITMS. CREAT project director has required FBR that jurisdiction of such cases/registered persons may be set in ITMS so that the concerned officer may view such cases through his ITMS login and may process the case to recover the evaded amount of sales tax. Therefore, it is requested that concerned technical resource may be directed to do the needful in this regard, the CREST project director added.When contacted, a tax expert said out of total detected amount of Rs 7,498 million, Lahore taxpayer amount is Rs 3,291 million (16 taxpayers); Karachi amount is Rs 3,038 million (4,089 taxpayers) and rest of the amount is Rs 1,169 million (1,972 taxpayers).

Now, the FBR vide Circular C.No.1(89)STM/2018, dated 10 April 2019, has directed to assign unattended jurisdiction cases of CREST to Integrated Tax Management System (ITMS) in order to facilitate the concerned officer against tax evasion.

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