Internal Audit points out non-realization of revenue from QESCO
KARACHI: The Directorate of Internal Audit has advised MCC Quetta to make hectic efforts to realize huge amount outstanding towards Quetta Electric Supply Company (QESCO).
Internal Audit in an Audit Observation notes that QESCO is required to file GD pertaining to the import of electric power from Iran. However, QESCO had not filed GD for import of electricity from Iran from September 2013 to July 2015, whereas electricity is regularly being imported.
Due to non-filing of GD, government suffers a loss of customs duty Rs48 million and sales tax Rs826 million.
Internal Audit that QESCO filed GD for September 2013 in July 2015 after a gap of two years and paid sales tax of Rs50.83 million.
Internal Audit notes that MCC Quetta failed to recover the surcharge on this recovery for two years which comes to Rs12.2 million.