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FBR mulls blacklisting two big builders on sales tax violations

FBR mulls blacklisting two big builders on sales tax violations Business March 14, 2021 KARACHI: The Federal Board of Revenue (FBR) has initiated the process of blacklisting two major property builders for violating provisions of Sales Tax Act, 1990, sources said. Medium Tax Office (MTO), Karachi, the revenue arm of the FBR, issued show cause notices to M/s Rufi Builders and M/s Usama Builders on failure to file sales tax returns for five years (2015 to 2020). The tax office has already suspended the taxpayers and directed the property builders to explain by March 15, 2021 before initiation of proceedings for blacklisting of tax registration.

FBR mulls blacklisting two big builders on sales tax violations

FBR mulls blacklisting two big builders on sales tax violations