ISLAMABAD: The Federal Board of Revenue (FBR) has directed Regional Tax Offices (RTOs) to monitor sales tax collection from power distribution companies (Discos) during the last quarter of fiscal year 2016-17.
The monitoring of Discos is being carried out to check their input/output adjustment of sales tax during April-June 2017. The exercise would help increase sales tax collection during the remaining period of fiscal year 2016-17.
Under the FBR’s instructions, the RTOs and Corporate Regional Tax Offices (CRTOs) would monitor sales tax collection from Discos in their respective jurisdictions. The surge in the input tax by the power distribution companies from November 2016 onwards also required an in-depth analysis of Central Power Purchase Agency’s accounts. The field formations, having jurisdiction over Discos, are required to be alert in this regard by maintaining a close liaison with the respective distribution companies.
