KARACHI: Following serious decline in revenue collection from sugar mills, the Large Taxpayers Unit (LTU) Karachi has posted its officers at all sugar mills across Sindh to monitor sugar production.
As per details, the officers have been posted at 28 sugar mills in the province under Section 40-B of Sales Tax Act 1990 to monitor sugar production. The department has also bound the officers to report sugar production on a daily basis. The decision was taken to ascertain the facts behind drastic decline in revenue collection from sugar sector.
On the other hand, tax refunds in sugar sector in Tax Year 2013 amounted to Rs561 million against tax payables of Rs364 million.
