KARACHI: The Federal Board of Revenue’s (FBR) Intelligence and Investigation(I&I) Inland Revenue (IR) has detected a renowned cement company involved in fake and flying invoices worth millions of rupees.
According to a statement issued by FBR the Directorate of Intelligence and Investigation, Inland Revenue has lodged an FIR before the Special Judge (Customs & Taxation), Karachi against M/s Al-Abbas Traders on the issue of fake & flying invoices, in which one M/s. Z.A Choice Import & Export (SMC Private) Ltd is one the suppliers and issued fake invoices to M/s. Lucky Cement.
Notices were issued, and the management of M/s. Lucky Cement Ltd has agreed to deposit the evaded amount involved on fake & flying invoices and accordingly has deposited the amount of input tax amounting to Rs. 85,971,785/- in the Federal Treasury.
The Directorate of I&I – IR, Karachi is striving hard to nab the persons who are defeating the national kitty.
