KARACHI: Commissioner Inland Revenue investigation officer submitted charge sheet against suspect namely Haroon Rehman Khan, owner of M/s Paramount Industries and others, who were nominated in a case of Rs84,988,515 sales tax evasion scam.
On 10 February 2020, court approved charge sheet and issued non-bail able warrants against absconding suspects namely Bakht, Joel Gulzar, Insha Ur Rehman, Riaz Ali, Muhammad Mughees Akram, Sardar Ali Shah and others and directed investigation officer to arrest and produce them before the court on next date of hearing.
According to the charge sheet M/s Paramount Industries old name Premier Industries fraudulently got the sales tax registration as manufacturer whereas the said person does not have any manufacturing facility and does not exist at declared business address.
Investigation officer further submitted that accused person claimed and got sales tax refund fraudulently on the strength of fake/ flying invoices where the description of goods do no match with the nature of business of the accused person, the accused connived with the so called suppliers and obtained illegal sales tax refunds.
He argued that accused person had no investment to carry out such a huge volume of business, there was no business on ground but only paper arrangements were made to claim illegal sales tax refunds, the accused persons did not make any zero rated supplies but declared fake supplies to dummy persons who are not genuine business concerns they also connived with the accused in claiming illegal sales tax refunds therefore, suspect has no proof of payment/ receipts of purchases and supplies to justify huge volume of purchases and fake supplies.
Investigation officer said that in this way accused Haroon Rehman Khan along with other persons buyers/ suppliers have caused loss to the national exchequer to the tune of Rs84,988,515, first information report is lodged accordingly, further, investigation against them are in progress.
