LAHORE: The Regional Tax Office-II has formed teams for stock taking of 10 companies but these teams failed to meet the target in given time. Chief Commissioner RTO-II assigned the target of stock taking and ordered the teams to report by November 5, but the zonal teams failed to compile reports during the specified time.
Now the Chief Commissioner has announced to extend the deadline until November 10, 2015.
According to details, the Regional Tax Office-II of the Federal Board of Revenue (FBR) started stock taking of 10 companies after facing shortfall in recovery of sales tax.
Chief Commissioner RTO-II Rukhsana Yasmeen constituted teams under the supervision of deputy commissioners for stocks taking. Teams start going on the site for physical verification of companies who paid less taxes in the current Financial Year (FY) as compared to the previous years.
