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Friday, April 8, 2011

ST refunds paid in 2004: FBR seeks record from exporters:


The Federal Board of Revenue (FBR) has served notices on a large number of
exporters-cum-manufacturers seeking records of sales tax refund payments made several years ago.
Though the law has a provision of only keeping records for a period of five years, the FBR has served these
notices under clause 36 of Sales Tax Rules, 2006 for refund claims paid back in 2004.
The FBR is seeking record against sanctioned refund claims for conducting post-sanction audit.
However, the exporters allege that they are being harassed for lodging complaints with the Federal Tax
Ombudsman (FTO) against delay in payment of refund.
The record pertaining to monthly sales tax returns along with input tax, goods declaration for import in
respect of which refund was claimed is being sought from exporters-cum-manufacturers