LAHORE: The Federal Board of Revenue (FBR), Regional Tax Office (RTO-II) has appointed advocate Lal Badshah as receiver for getting tax amount from Vita Pakistan (Pvt) Limited beverage and food company.
As per details, Vita Pakistan was tax defaulter of Rs 5 million and the company had not been submitting tax returns for the last few years.
The RTO-II sent a number of notices to Vita Pakistan for payment of taxes but Vita Pakistan didn’t submit its dues and filed an appeal before the adjudication authority. The commissioner appeals fined the company Rs 5 million and order it to pay 25 percent of the taxable amount till October 5.
After the decision, the Vita Pakistan filed a case in the Lahore High Court (LHC) and the court ordered to pay 10 percent of taxable amount within 15 days after hearing of the company’s arguments.
After the court decision, the RT0-II appointed advocate Lal Badshah as a receiver to get the tax money from the Vita Pakistan. The tax amount will be submitted in the banks after this the FBR will issue 10 percent to the receiver.
Pakistan’s leading oil refineries warn of shutting down production over smuggling
ISLAMABAD: Five of Pakistan’s largest oil refineries on Thursday warned that increasing smuggling of petroleum products is threatening refinery operations...
