MULTAN: Directorate of Intelligence and Investigation Inland Revenue (IR) detected tax evasion of almost Rs5 million from manufacturers of beverage company.
According to the details, Federal Board of Revenue has directed Directorate of Intelligence and Investigation Inland Revenue to take stern action tax evaders.
Director Intelligence and Investigation Inland Revenue Zubair Bilal received secret information from the source that two factories which are manufacturing fruit juices and beverages were operating from Multan.
Both factories were located in Basti Alamgeer and they were not registered for sales taxes and working for last two years in the local markets without paying any taxes to Federal Board of Revenue.
Directorate of Intelligence and Investigation Inland Revenue Multan found that both factories found to be operating in grey market. Usually, the focus of broadening tax base by FBR offices is on income tax and sales tax, which has large base and potential taxpayers.
Directorate of Intelligence and Investigation detained the records, ledgers, accounts, computers, laptops and inventory details for further investigation. About tax evasion of Rs.5 million was detected during preliminary interrogation of Intelligence and Investigation Inland Revenue. Further investigations were under process till the filing of this report.
Directorate of Intelligence and Investigation Inland Revenue started crackdown against unregistered individuals and manufacturers who are required to get registration under the law.
Retailers, importers, exporters and wholesalers making zero-rated supplies are required to get sales tax registration under the Sales Tax Act 1990.
