FBR speeds up operation against sales tax evasion after unearthing major scam
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Javed Ghani on Friday issued directions to his Bureau offices to speed up the operation against tax evasion after the FBR unearthed a major sales tax evasion scam in Faisalabad.
The Bureau said that all those found involved in fake and flying invoices and tax evasion would be dealt with strictly as per the law, adding it would take swift action even against its own employees if they were found involved.
In a related development, the Directorate of Intelligence & Investigation (Inland Revenue), Faisalabad arrested the owner of Fazal Awais Textiles, Faisalabad for his suspected involvement in tax fraud by way of issuing fake and flying invoices to a non-existing unit named Arrow International.
Accordingly, tax fraud proceedings against the suspects have been initiated and a First Information Report (FIR) has been lodged against Arrow International, its buyers, suppliers and other beneficiaries under section 37A of the Sales Tax Act, 1990.
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