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Home Breaking News

Fake sales tax invoices: Customs Court convicts proprietor of M/s MAM Business International

byM.B. Rana
23/10/2020
in Breaking News, Karachi, Latest News
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KARACHI: The Customs Court imposed fine on suspect namely Muhammad Muqeemuddin son of Qasim Ali, proprietor of M/s MAM Business International on plead guilty for Rs3,00,000, who was booked in a case of filing fake sales tax returns and issuance of fake sales tax invoices.

On 22 October 2020, court observed in its judgment that “on hearing the accused this court found guilt voluntarily and without any compulsion, the accused is not previously convicted, man of old age, regretted over the act and reprimanded not to commit it again, beside this the accused has pleaded his guilt at the earliest and has save the time of this court.

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I therefore, keeping in view of the above reasons, found him guilty and taking the lenient view being not previously convicted, entire evaded amount has already been deposited before the sales tax authority through pay order and post-dated cheques accused Muhammad Muqeemuddin is convicted under section 33 (3), (5) (8) (11c) (13) (16)(18) of sales tax act, 1990 and imposed fine of Rs3,00,000, if the fine amount is not paid the accused shall suffer for six months more”.

According to the first information report (FIR) that above mentioned accused engaged in filing fakes sales tax returns and issuance of fake sales tax invoices, preliminary investigation revealed that login and password of M/s MAM Business International was being used by some fraudsters to file fake sales tax returns and issue fake sales tax invoices to generate illegal/ inadmissible input tax adjustment/ refund claims amounting of Rs36, 815, 821.

According to the prosecution, the case was registered for violation of section 33 (3), (5) (8) (11c) (13) (16)(18) of sales tax act, 1990 and other related sections.

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