Three companies from Karachi accused of Rs230 million sales tax fraud: FBR spokesperson – Research Snipers

Three companies from Karachi accused of Rs230 million sales tax fraud: FBR spokesperson

According to the statement issued by the Federal Board of Revenue (FBR), at least three companies in Sindh’s capital Karachi have allegedly defrauded people of 230 million rupees in the name of fake sales tax refunds.

The names of the three companies involved in illegal activities were revealed after the Federal Board of Revenue initiated an investigation against all the fake invoices and bogus refunds.

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A spokesperson of the tax department said that all of them were private companies. “First Information Report (FIR) has also been registered against the companies,” he added.

The Federal Board of Revenue (FBR) has requested all the concerned authorities that the names of all the owners should be placed in the Exit Control List (ECL).

Earlier, Prime Minister Imran Khan has directed the authorities to abolish around 150 licenses that are needed for different business purposes at the local level for small traders. The aim is to provide relief to the small traders.

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