Chief Commissioner declares to pay tax refunds till 2020

November 10, 2021: Chief Commissioner Inland Revenue Regional Tax Office Muhammad Abid Raza Bodla on Wednesday announced to pay pending refunds to industrialists till 2020 they submit complete and verified documents.

Speaking at an open katchery held here at Multan Chamber of Commerce & Industry (MCCI), he informed that Universal Self-Assessment Scheme (USAS) had been restored in 2021-22 budget in actual form to facilitate the filers.

He stated that tax refund was applicable after funding in form of payment of taxes by filers, adding that the issues faced by the business community would be resolved.

Fixed rate for volunteers wishing to be filers could not be implemented because income of two shopkeepers who were running business in the same market, was different, he said and added that the department has its own limitations.

Replying volley of questions, Bodla noted that audit could be granted to third party, adding that matters related to bank accounts were difficult but FBR had to make decisions within short frame of time.

The Chief Commissioner welcomed the suggestions given by MCCI former president Khawaja Muhammad Usman on broadening the tax net and payment of refunds to salaried class timely.

Commissioner Taxes Zahida Sarfraz also answered various questions posed by the industrialists and traders.

MCCI President Khawaja Muhammad Hussain highlighted different issues of the business community including serving of notices, freezing of bank accounts for tax recovery, additional of HS code in small traders' invoice, poor performance of Point-of Sale (POS) machines and no reply of presentations sent to FBR etc.

Later, Souvenirs were given to Mr Bodla and Ms Zahida Sarfraz.

APP