(The Express Tribune) by Shehbaz Rana
The FBR has made it mandatory for brick manufacturers to electronically file their quarterly sales tax returns.
In order to improve scrutiny of tax refunds, the FBR has sought claimant-wise bank advice duly signed by the signatory and co-signatory indicating the amount payable and declared bank account of the claimant would be sent to the State Bank of Pakistan.
The FBR has included cotton ginners in the sectors that can claim excess unadjusted input tax aimed at facilitating them.
It has also clarified that the refund claims prior to the June 2019 period would be cleared as per earlier procedures, suggesting that the people will have to wait for years if they get their genuine refunds.
It has notified the electronic refund system for five export-oriented sectors. However, the FBR has not made full refund payments to them and their roughly Rs80 billion in refunds were part of the Rs958 billion first-quarter tax collection. According to the revised rules, the registered sales tax persons dealing in business of restaurants, cafes, coffee shops, eateries, snack bars and hotels would install electronic device and software, as approved by the board, for online real-time transmission of sales information.
The FBR has not been able to mend ways with the small-sized retailers. These retailers are making illegal demands like not getting registered with the FBR.