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Home Islamabad

FBR scrutinising subsidy claims filed by power companies

byShahid Minhas
30/11/2015
in Islamabad, Latest News
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ISLAMABAD: The Federal Board of Revenue (FBR) has started scrutiny of tariff differential subsidy claims filed by power distribution companies.

Sources said that the FBR has sent these claims to the Inland Revenue (IR) Operations for checking the claims and also compare the amounts claimed by the companies with the due sales tax. The board has also directed the IR to check whether sales tax is included in the tariff differential subsidy claims or not.

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The sources added that power companies have not deposit the taxes equivalent to the amount that is collected from customers on bills.

They also said that the power companies also deposited the taxes to national exchequer with delay that is also illegal.

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