KARACHI: The Federal Board of Revenue (FBR) has decided to stop the practice of bogus invoices. It has already formed two teams to scrutinize the invoices.
Sources told Customs Today that the Regional Tax Offices have brought into the notice of the high-ups that only 76 units are registered after adopting legal procedure, while remaining 254 units were registered without getting any relevant SRO. Sources said that some persons prefer to get registration directly as this practice saves them from physical examination of the unit and obtains sales tax registration.
Sources said that now the FBR authorities begin to tighten rope against those who found involved in submitting bogus invoices.
