SIALKOT: The Federal Board of Revenue (FBR) has issued special-audit notices to as many as 4,000 industrial units located in Sialkot, Narowal and Gujrat districts for their alleged involvement in tax evasion and concealing of facts.
The FBR has formed 11 special teams in this regard. The teams have started the pre-audit process.
According to FBR officials, the industrial units have been asked for special audit. The units have also been urged to provide all the relevant record to the visiting FBR teams.
They said that around 6,762 industrial units in Gujranwala Division have been selected for the special audit, of which the notices have been issued to 4,000 units, while the notices would be issued to rest of the 2762 units soon.
The owners of the industrial units, after getting the special-audit notices, were perturbed and they have been contacting their tax lawyers to resolve the issue.
The FBR has issued directives to the senior officials of Regional Tax Directorate Sialkot to ensure early audit of the industrial units, besides, the re-scrutiny of the tax returns submissions filed by the owners, exporters and importers of these units.
The FBR officials said the special audit would begin within the next couple of days.
