ISLAMABAD – Irregularities worth Rs 201 billion have been revealed in FBRaccount for 2017-18.
The Auditor General of Pakistan (AGP) has highlighted discrepancies of Rs.201.39 billion in the Federal Board of Revenue (FBR)’s accounts for 2017-18.
The AGP termed these tax losses as an ‘evasion’ and recommended variousmeasures for its recovery.
The auditor general made the following observations on FBR’s tax receiptsfor 2017-18:
– Non/short assessment of taxes. – Granting incorrect exemptions. – Non-levy of minimum tax. – Non-levy of default surcharge. – Non-recovery of adjudged revenue. – Inadmissible adjustment of input tax. – Incorrect sanction of refunds.
Read Top Stories
The report pointed out a loss of Rs. 22.203 billion due to non-realisationof sales tax on subsidized electricity sale and Rs. 8.45 billion due tonon-realization of concealment of sales/income tax returns.
Around Rs. 35.5 billion were lost due to non-charging/non-realization ofsales tax/sales tax adjustments & exemptions and due to non-recovery ofadjudged dues.
Rs. 13.29 billion were lost due to concealment of income/asset taxes whilea Rs. 2.4 billion loss was recorded due to non-imposition of minimum tax onthe income.
