Of late, myriad of cases have emerged which establish the huge frequency of use of fake / flying invoices by the registered persons thereby compromising not only the movement revenues but also creating legally-inadmissible refunds.
Hence, in order to create uniformity in approach and consistency in reporting line and to deter the use of fake and flying invoices and effectively eliminate such malpractice, Federal Board of Revenue (FBR) formulated and implement, with immediate effect, the following:
For Fake Invoices_STGO-12-Of-2023