KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR), speeding up the ongoing drive against tax evaders, conducted a raid on a headquarters of a Karachi Command and Control Center’s creator, GCS Pvt Ltd.
Sources informed customnews.pk that I&I-IR, acting upon authentic information, raided at the place of the GCS Pvt Ltd, which is a technology solution providers. GCS completed and delivered first ever City wide Turnkey Wireless Video Surveillance and Security Solution in Karachi while it has received the Brand of the Year award in the category of Security and Surveillance. GCS is one of the top leading companies which started its business in Pakistan back in 2005 and making healthy profits.
According to reliable internal sources, the Directorate of I&I-IR found that the company is allegedly involved in sales tax fraud worth of millions by disposing of assets and not declaring the income.It is important to mention here that GCS has a strategic cooperation deal with the German consultancy group S&P to open new business opportunities in different parts of the world.
I&I-IR gathered information that SSG is involved in businesses of security & surveillance,fiber optics, vehicle tracking & fleet management, call center solution, data center design and integrated solutions while the said business is carried out at 127/O, Block 2, PECHS Khalid Bin Walid Road, Karachi.
Accordingly, on the basis of above said information, the action under section 40B of Sales Tax Act, 1990 , was conducted on 22nd of March 2016 and the team members successfully discovered a full fledged un-declared business unit,where about as many workers were engaged in routine work.
The team members thoroughly examined the record available in the premises and resumed CPU,and the other relevant data under proper seizure/record resumption memo, duly signed by the officers as well as representatives/witnesses of the registered person.
The team members concluded the action and reported back to the office of Directorate of I&I-IR where the matter was reported and the resumed record /CPU were kept ion safe custody.
Presently, the resumed record is under examination and further progress in the case will be reported in due course of time.