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KCCI seeks clarification on Sales Tax Audit notices

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by January 30, 2015 Industries

Karachi, January 30, 2015 (PPI-OT): Senior Vice President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Ibrahim Kasumbi has asked the Federal Board of Revenue (KCCI) to order the concerned quarters to clarify the issue Sales Tax notices being constantly issued to taxpayers.

In a letter issued to Shahid Hussain Asad, Member IR Policy FBR, SVP KCCI advised the FBR to make necessary announcement in print and electronic media to withdraw the Sales Tax Audit Notices issued to the Sales Tax Payers in FTR.

Ibrahim Kasumbi, while expressing deep concern over the situation, said that despite repeated appeals to exempt Sales Tax Registered Persons in Fixed Tax Regime (FTR) from Audit, KCCI member firms continue to receive Sales Tax Audit Notices.

He was of the view that the Audit of Registered Persons in the FTR was a fruitless exercise and a waste of time both for FBR and the taxpayers already paying Value Addition of 3 percent on GST over and above the 17% paid at source.

SVP KCCI said that in the absence of clear policy, Taxpayers, who received S.T. Audit Notice, have been facing harassment and demands for unnecessary documents from field formations and IR Officials.

He hoped that the concerned authorities would pay attention to this pressing issue in order to provide some relief to the honest taxpayers who have been continually approaching KCCI for assistance.

For more information, contact:
Aamir Hassan
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

The post KCCI seeks clarification on Sales Tax Audit notices appeared first on AsiaNet-Pakistan.

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