KARACHI: The Federal Board of Revenue (FBR) has started scrutinizing the tax record filed by K-electric. The authorities are conducting these investigations after receiving credible reports that the company is allegedly involved in tax evasion of Rs 111 billion.
Sources told Customs Today that the FBR issued many notices to the K-electric, asking to clear outstanding tax amount. Sources also said that that K-electric failed to deposit the amount of sales tax in national kitty after receiving bills from the consumers.
Sources also disclosed that K-electric avoided to pay tax from last few years while on the other hand FBR investigations in this regard are in final stages. Authorities are of the view that they will conclude the ongoing investigations soon and final notice in this regard will be issued in the month of December.
