KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of M/s Siemens Pakistan Engineering Company Limited, which was suspended on March 3 on allegation of tax fraud.
In an order issued by the SRB, the suspension of the taxpayer has been revoked to give chance for filing true declaration. “In case of failing to fulfilment of stated remedial actions, registration of the taxpayer may be subject to suspension,” the order said.
The SRB suspended the registration of the taxpayer for adjusting inadmissible input tax to the tune of Rs127.28 million and failed to declare true and correct Sindh sales tax returns for the period May 2016 to December 2017, by means of declaring fake, false, forged, flying or fraudulent invoices, which comes under the ambit of tax fraud.
In its response, the taxpayer said that it had not malafide intention behind the case and it was remained compliant taxpayer with the SRB. The taxpayer also stated that due to suspension of the company’s registration it was facing with difficulties in fulfilling their tax obligation with SRB and with their clients.
