FAISALABAD: The Regional Tax Office (RTO) Faisalabad has recovered huge amount of Rs 110 million in a mega sales tax fraud case and expanded the scope of investigation against the entire supply chain to arrest all those involved in the scam. Sources told Customs Today that it is a unique as well as historical case of Pakistan, where a huge amount of evaded sales tax has been recovered from a fraudulent gang. Out of the tax demand of Rs 439 million, the investigators of the RTO Faisalabad have been able to recover Rs 110 million.
sources said this is one of the mega cases where prompt recovery has been made. Usually, the actual amount of recovery is far low in mega tax fraud cases or big scams where huge demands have been raised in the past. Contrary to this, an amount of Rs 110 million has been recovered from the fraudulent company. The company, engaged in manufacturing of branded and non-branded products of Silicon, has been involved in issuance of fake invoices, suppression of sales and misuse of sales tax in lieu of SRO.1125. The company has also been involved in using anonymous bank accounts to evade sales tax and conceal the actual income.
On the special instructions issued by the newly posted lady Chief Commissioner, RTO Faisalabad, Ms. Tasnim Rehman and Commissioner Zone-I, Nasir Khan, the Police Station I&P, RTO, Faisalabad has taken strict action against Muhammad Akram & Muhammad Arshad (real brothers), Chief Executive of Companies involved in sales tax frauds and specifically pursued this mega tax fraud resulting in prompt recovery of Rs 110 million.
Details of the case revealed that the sales tax of Rs 110 million was recovered during physical remand of the accused involved in the tax fraud case. Earlier, FIR No 6/2015 was lodged on 28.01.2015 in the I&P Police Station, RTO, Faisalabad against the Chief Executive of GMSA Industries (Private) Limited, in mega tax fraud case of Rs 439 million. Muhammad Arshad & Muhammad Akram both the Directors of the said company are arrested by Mr. Muhammad Afzal Malik, Assistant Commissioner, Investigation & Prosecution with his team, Khalid Javed, Bilal Ahmad, Tariq Mehmood, Munir Ahmad & Ansar Shah, etc. and presented before the Special Customs Court Lahore where the Honourable Judge granted four days physical remand. Two weeks back, both the accused were sent to Camp Jail, Lahore. In a new development on Tuesday, in spite of depositing further Rs 11 million in court even then bail of both accused were dismissed by the Honourable Judge Mr. Abdul Rashid, Special Customs Court Lahore in case of FIR No. 6/2015.
Sources said that the staff of the Investigation & Prosecution Unit is very reliable, efficient, willing, hard working and paying keen interest in ensuring secrecy in respect of their jobs. They are ready all the time for prompt action and to done well to the best of department interest. Therefore, whole staff is eligible for cash reward as well as credential certificates.
