KARACHI: Due to decrease in receivables of sales tax and federal excise duty during March-April in current fiscal year, the Federal Board of Revenue (FBR) has directed the Large Taxpayer Unit to scrutinise the cases of respective departments again.
According to sources, the receivables from big units were decreased during March and April as compared to the last year. Sources also witnessed negative trends in receivables in oil refineries, cigarettes and some other sectors.
After seeing all such statements, the Federal Board of Revenue has decided to scrutinise all these cases once again. The FBR has asked the department concerned to prepare a report highlighting the factors behind this decrease.
Sources further revealed that as the current fiscal year is going to end tax receivables are gaining momentum and Federal Board of Revenue is trying hard to achieve tax target.
