KTBA requests solving adjustment of input tax
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday requested the FBR to solve the issue of input tax adjustment. KTBA wrote a letter to Dr. Hamid Ateeq Sarwar Member IR–Policy,…
Inland Revenue initiates investigating into imports made against switch bills of lading
KARACHI: The Directorate of Intelligence & Investigation (IRS) has confirmed that imports made against switch bills of lading were by the bogus companies, who also claimed adjusted inadmissible input tax.…
Withholding agents barred from adjusting input tax
KARACHI: The Federal Board of Revenue (FBR) has barred the withholding agents from adjusting input tax on purchases and advised the agents to deposit the sales tax withheld in the…