LAHORE: The arguments have been completed in a tax refund appeal filed by the Hamad Web Developers against the Regional Tax Office-II (RTO-II). The decision in the same appeal will be announced soon, source told Customs Today.
FTO Advisor Haji Ahmed heard the case. The counsel for the appellant argued that the RTO failed to release the Sales Tax refund to the appellant since a fall of two years.
He said that the RTO-II has been collecting excessive taxes from the company for the past two years. The petitioner approached the officials concerned several times for release of refunds, but they failed to clear refunds after the lapse of a reasonable time.
Finally, the appellant decided to approach the FTO seeking his intervention in the case. The counsel appealed to the FTO Advisor to direct the RTO-II to clear the refund claims.
The counsel further said that delay in release of refunds puts the burden on the taxpayer, so the RTO-II should make audit of the case and release the extra amount collected from the taxpayer.
On the other hand, the counsel for the RTO-II argued that the appellant has not submitted all the record in the office for claiming refunds. If he provides accurate record, the RTO-II will release refunds after a proper assessment, he maintained.
After hearing the arguments from both sides, FTO Advisor heard the point of view from both parties whose counsels have concluded the arguments and the verdict in the same appeal is expected soon.
