LAHORE: Federal Board of Revenue (FBR) Member IR-Operations Dr. Muhammad Irshad has said that the pendency of sales tax refunds is a national level issue and a policy is expected within a month whereby backlog of the refund cases would be cleared. He was addressing traders in a meeting.
Replying to traders questions, he assured that the proposal of rationalization of penalties would be given due consideration, besides, ensuring the early notification of make shift arrangements to fill the vacancy of Commissioner (Appeals).
During the meeting, the businessmen highlighted the issues including clearance of outstanding sales tax refund cases, adoption of uniform policy of clearance of refunds for textile sector and other export oriented sectors, withdrawal of notices regarding post refund audit of exporters, rationalization of penalty for non-filing of returns and determination thereof as fixed percentage of the tax involved, withdrawal of notices regarding non-deposit of 1% WHT on exports furnished to the exporters. Dr. Irshad assured traders to resolve their genuine issues soon.
