New ST registration system sought

LAHORE  : Lahore Tax Bar Association (LTBA) has urged the Federal Board of Revenue (FBR) to immediately introduce the new sales tax registration system, saying that the computerized risk evaluation programme introduced by the Board for sales tax has failed. LTBA said that the taxpayers are facing numerous hardships due to the computerized programme. It also urged the Board to dispose of pending audit cases at the earliest. These views were expressed by the office bearers of the LTBA at a seminar arranged by the Bar with regard to sales tax here on Tuesday.  LTBA President Qari Habib ur Rehman Zuberi claimed that the Pakistan Revenue Automation (pvt) Limited (PRAL) has no authority to suspend the companies.
He said step of suspending over 3100 companies is illegal and it will cause loss of billions of rupees to the national exchequer as these companies’ business has suffered loss.

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