FBR clarifies news on ST refunds, collection

Date:

Share post:

ISLAMABAD: Federal Board of Revenue has issued a clarification on the news item titled “stuck refunds pile up to Rs 100 billion in eight months” published in a section of the press and has stated that the refund claims filed in Annex-H are only 37 billion in which 29.5 billion have been issued and the rest are deferred due to data feeding errors.
FBR has further clarified another news item titled “double-digit drop in sales tax collection clouds revenue outlook” published in press and has stated that sales tax domestic growth up to February 2020 is 32.5% till date and overall growth of sales tax is 24% which is in line with performance up to January of 24.6%.
The news published in the press stating double digit drop in sales tax is baseless and misleading.

spot_img

Related articles

KEC organised a ceremony for Sindhi Scholar Zawar Abdul Sattar Dars

KARACHI: Karachi Editors Club (KEC) organised a ceremony to recognise 150 books written by a Sindhi Scholar Zawar...

A lie can travel halfway around the world while the truth is putting on its shoes

Ex-Prime Minster Imran Khan contrary to his previous field of cricket is negating the very basic principal of...

$38,500 seized in operation at Peshawar Airport

Raza KazmiISLAMABAD: Continuing with its ongoing incessant operations against currency smuggling, Pakistan Customs has seized Qatri Reyals worth...

Blunders by PTI

Constitutional supremacy is one of the very important essentials for a democratic state and proper obedience of its...