FTO detects fraud committed by Millat Tractors
KARACHI: Federal Tax Ombudsman (FTO) Asif Jah has detected fraud worth of 6 Billion Rupees committed by Millat Tractors (Manufacturers of Messes Ferguson Tractor Brand in Pakistan). They have caused…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Federal Tax Ombudsman (FTO) Asif Jah has detected fraud worth of 6 Billion Rupees committed by Millat Tractors (Manufacturers of Messes Ferguson Tractor Brand in Pakistan). They have caused…
KARACHI: A division bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Kausar Sultana Hussain ordered provisional release of plant and machinery imported by Dandot…
KARACHI: An appellate bench of High Court of Sindh seized with the hearing of custom, sales tax and income tax matter is discouraging the un-necessary litigation’s. The bench in a…
KARACHI: While investigating a complaint, FTO has unearthed a mega scam of billions in the form of fake sales tax supplies in cement sector. Accordingly Tax Ombudsman has directed FBR…
KARACHI: Post clearance Audit (PCA) of customs, in pursuance of FTO’s directives has further recovered 11.85 million less paid sales tax during the month of June, 2022. Precisely, it was…
KARACHI: Pakistan Customs has launched a crackdown against importers of iron & steel re-meltable scrap, iron & steel re-rollable scrap, iron & steel bundle scrap for wrongly availing the exemption…
HUB: An appellate bench of High Court of Balochistan (BHC) allowed a Special Tax Reference Application (STRA) filed by M/s Usman Ltd, Hub, Balochistan impunging and order passed by Appellate…
KARACHI: An appellate bench of High Court of Sindh (SHC) ordered restoration of Sales Tax Registration of Shan Associates in line with judgment passed earlier in a petition CP-D 8101…
KARACHI: Twenty four Complaints were filed against FBR Islamabad and Pak Suzuki Motor Company Limited, in terms of Section 10(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance) for…
KARACHI: The Tax Appellate bench of High Court of Sindh comprising Justice Muhammad Shafi Siddiqui and Justice Mahmood A. Khan allowing an appeal ordered release of profit accumulated on amount…
Lahore: In order to create a favourable business environment, Punjab Revenue Authority decided to provide reduction in sales tax being charged on commissions for home based chefs. The rebate reduced…
KARACHI: The Customs & Sales Tax Practitioner’s Association (CSPA) requested to Chief Justice of Pakistan and Chief Justice of High Court of Sindh to “take appropriate measures and issue instructions…
KARACHI: Sindh High Court closed the doors for those petitioners/applicants/ accused who challenges registration of FIR of which the trial court i.e. Special Court for Customs, Sales Tax etc has…
KARACHI: The sale of goods through online market place is proposed to be brought into the sales tax net by deeming the online market place as supplier in respect of…
KARACHI: Seven identical Special Custom Reference Applications (SCRA’s) filed by two collectorates of Pakistan Customs filed through Iqbal M. Khurram Advocate were dismissed by a custom appellate bench of High…
KARACHI: Hearing a constitution petition filed by Aachee Garments (pvt) Ltd against Sales Tax authorities, an appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Junaid Ghaffar and…
KARACHI: Five identical petitions filed by different companies including Sahib Din Logistics, SS Corporation, Syed Murtaza Ali Jaffery, Syed Mehdi Abbas Jaffery and Syed Aqeel Abbas Rizvi challenging authority of…
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) submitted comprehensive Taxation Proposals for the Federal Budget 2021-22 which highlight various measures required to streamline the complex tax regime,…
KARACHI: Pre-admission notices were issued for March 18 to the Chairman FBR, Member (Sales Tax-Policy) and Commissioner Sales Tax in a petition filed by M/S Imperial Trading Corporation and others…
The All Pakistan CNG Association (APCNGA) on Monday said the government is promoting CNG to reduce urban pollution, cut oil import bill and increase employment. The government has taken a…