KARACHI – The Karachi Chamber of Commerce and Industry (KCCI) asked the Federal Board of Revenue (FBR) to ensure early clarification of the issue of Sales Tax notices being constantly issued to taxpayers.
KCCI Senior Vice President Muhammad Ibrahim Kasumbim, in a letter addressed to Member IR Policy FBR Shahid Hussain Asad, advised the FBR to make necessary announcement in print and electronic media to withdraw the Sales Tax audit notices issued to the taxpayers in FTR.
The SVP KCCI said that despite repeated appeals to exempt Sales Tax Registered Persons in FTR from Audit, KCCI member firms continue to receive Sales Tax Audit Notices. He was of the view that the Audit of registered persons in the FTR was a fruitless exercise and a waste of time both for FBR and the taxpayers already paying Value Addition of 3 percent on GST over and above the 17pc paid at source.
