Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

FBR issues instruction to adjust refunds in recovery cases

byCT Report
22/05/2017
in Karachi
Share on FacebookShare on Twitter

KARACHI: Federal Board of Revenue (FBR) has directed officials to adjust refunds of taxpayers against demand created as result of any assessment order.

Dr. Muhammad Tariq Masood, Chief Commissioner-Inland Revenue of Regional Tax Office (RTO)-II Karachi has issued instructions after a meeting with members of Karachi Tax Bar Association (KTBA), that if demand is created as a result of any assessment order or amended assessment order and determined refunds are available then net demand after adjustment of refunds is to be recovered. “Therefore, officers must exercise due care of this aspect as well,” according to the notification.

You might also like

Pakistan seeks two winter LNG cargoes worth $200m

05/11/2026

FBR revises titanium dioxide import values to curb under-invoicing in Pakistan vide VR No.2125/2026

04/11/2026

It is also directed to ensure service of orders/notices as per requirements of Section 218. Service through Iris – the FBR portal – alone is not sufficient to meet legal requirements, therefore all orders/notices are also to be served through courier/email (by attaching ‘word file of the document’). “No recovery of tax may be initiated without proper service of demand notice and the assessment order,” it said.

The tax bar highlighted a serious issue of presence of private persons hired by officials of FBR, who have access to sensitive and confidential information of taxpayers.

The chief commissioner issued instructions that all officers should be careful and no unauthorized (private) employee should be allowed to work and such practice, if any must be stopped forthwith.

Related Stories

Pakistan seeks two winter LNG cargoes worth $200m

byCT Report
05/11/2026

KARACHI: Pakistan has started procuring liquefied natural gas (LNG) for the winter season, inviting international suppliers to bid for two...

FBR revises titanium dioxide import values to curb under-invoicing in Pakistan vide VR No.2125/2026

byCT Report
04/11/2026

KARACHI: The Directorate General of Customs Valuation issued Valuation Ruling No. 2125/2026 on November 4, 2026, fixing new cost and...

Banks to stay closed for three days from November 7

byCT Report
04/11/2026

KARACHI: Banks across Pakistan will remain closed for three consecutive days, from Saturday, November 7, to Monday, November 9, after...

Pakistan’s financial inclusion rate hits 71pc, gender gap narrows to 27pc: SBP governor

byCT Report
04/11/2026

KARACHI: Pakistan's financial inclusion rate has risen to 71%, while the gender gap has narrowed to 27%, State Bank of...

Next Post

Shah Mehmood meets with detained PTI workers at FIA

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.