MULTAN: The Federal Board of Revenue has decided to deduct Rs50 billion from textile mills’ refunds collected from ginners but textile millers did **t deposit the amount in the national coffer. Talking here on Saturday, FBR Inland Revenue member (Operations) Dr Muhammad Irshad said that the FBR would deduct Rs 50 billion from the refunds of textile millers. He said that all **tices served on ginners would be withdrawn and they would feel relaxed. He assured that ginners’ refunds would be cleared immediately. He asked the chief commissioners of Multan, Bahawalpur, Faisalabad and Hyderabad to withdraw **tices and directed to make a committee comprising representatives of PCGA and tax-managers to resolve all issues. He asked the ginners to cooperate with the tax department for enhancing the government revenue and contributing towards eco**mic stability and prosperity of the country. PCGA Chairman Shahzad Ali Khan apprised the member about the problems being faced by them. The FBR member issued directions to promptly address the ginners’ problems. He said that the FBR had formulated a strategy to go after the taxevaders by using information obtained from their transactions in the real estate sector, purchase of vehicles and their travels abroad .
05-09-2016, 05:32 AM
FBR to deduct Rs50 billion from textile mills refunds
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