Lahore: Intelligence and Investigation Department of Federal Board of Revenue detected a factory in Wagha Town area that was allegedly involved in tax evasion worth Rs 100 million and seized all record of the factory.
According to officials, a person Khalid was running three grinding mills but only one was registered in sales tax while other two had no registered record in sales or income tax. Khalid was not paying sales and income tax as per his production in three factories and his bank balance sheets was also not according to the tax payments. The
FBR I&I came to know about this fraudulent and raided at his factory. During checking of the record it was found that production and sale record of the factory is different what Khalid had shown in his tax documents. He was avoiding sales and income tax since many years. Three grinding mills have no record in sales tax department. FBR I&I seized all record of the factory for further action.
It was also found that production and sales record of the factory is also bogus. Sales tax invoices were not according to the law. Owner of the factories Khalid fled from the scene and according to FBR, he evaded 100 million tax.
