In the audit report of the accounts of the Federal Board of Revenue (FBR) "Pakistan News" for the year 2018-19, the Auditor General of Pakistan (AGP) has uncovered a discrepancy of Rs. According to a media report, the Auditor General has proposed to create a system that would identify discrepancies in the data provided in sales tax returns as well as income tax returns. , Internal control in addition to tax collection.
"Pakistan News" The report also proposes to introduce online monitoring of authentication in the system to prevent unacceptable claims of input tax and to link its software system with other departments "tax news pakistan" The audit report revealed non-collection of tax of Rs 1.66 billion in 199 cases of taxable supplies and services, besides sales tax reflected in sales tax returns and income tax returns. Due to discrepancy in tax, in 77 cases, sales tax was reduced by Rs. 5 billion 706 million. According to the report, in 188 cases, FBR received revenue of Rs. I failed. In addition, the report said that the tax department allowed unacceptable input tax adjustment in 255 cases without fulfilling the legal requirements, which resulted in a loss of Rs 5.65 billion. The report revealed that In 536 cases wrong adjustment of tax credit of Rs. 8 billion 96 crore 40 lakh was made and in 447 cases Rs. A minimum tax of Rs. 2 million has not been levied. According to the report, due to non-disposal of seized goods in 1080 cases, revenue of Rs. 3.29 billion has been lost and Rs. Value addition tax of Rs. 3 lakhs was not realized. Besides, in 3,054 cases due to incorrect classification of imported goods, revenue of Rs. 896.32 million was not fully realized "Pakistan News"
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