Revenue minister assures removal of anomalies in tax software
KARACHI: State Minister for Revenue Hammad Azhar assured commercial importers that anomalies in the sale tax software will be removed. He said this after taking notice of show cause notices to commercial importers.
A joint delegation of Pakistan Chemicals and Dyes Merchants Association (PCDMA) and Indenters Association of Pakistan, Under leader ship of Saquib Fayyaz Magoon , Former Vice President FPCCI met With Minister of State Hammad Azhar , Shahid Waseem Chairman And Saleem NINI Vice Chairman PCDMA were also the part of delegation .
Azhar said the government will resolve the problems pertaining anomalies and SRO 1125 on priority basis, adding that the PTI government believes on provision of government-friendly trade environment in the country. He also assures to resolve the matter of Show Causes issued due to Anomalies in CREST.
Saquib Fayyaz Magoon pointed out that chemical manufacturers and commercial importers of items listed in SRO 1125 facing problems and receiving undue show cause notices due to anomalies in CREST, So need modification in this software according to Real Soul of (SRO) 1125.
He said such SRO was applicable after reducing a long list of multipurpose items (used by all industries) to a very short list of those items which are mainly used in five zero-rated sectors such as textile, leather, carpet, surgical and sports”
Saquib Fayyaz Magoon requested to make it simple and zero rated should be charged on sale of all chemicals listed in SRO 1125. Government should focus on generation of business and economic activities to increase revenue. Only business friendly atmosphere and ease of doing business policies Can flourish our economic activities and export.
He said that tax policy makers should took trade associations on board during tax policy making procedure as particular sector trade association able to highlight real issues at micro level of his sector.