ISLAMABAD: Federal Board of Revenue (FBR) has developed a new software toeffectively monitor the sales tax returns, besides identifying the tax gapsas well as determine the actual Sales Tax, FED liabilities of all taxpayers.
The software called ‘Centralized Sales Tax and Federal Excise DutyAssessment and Processing (CSTAP) was inaugurated by Chairman FBR SyedMuhammad Shabbar Zaidi.
The new software was developed by Inland Revenue-Operations Wing of FBR andaimed at ensuring effective monitoring of the sales tax returns, a pressrelease issued by the FBR said.
Member IR-Operations Ms Seema Shakeel also gave live demonstration on theworking and application of the new software to the chairman FBR and toldhim that the software would also be used for the purpose of expeditiousprocessing of refund claims.
The chairman FBR was also informed that the first batch of 25 officers fromfield formations were given task to test run this project form September11, 2019.
However, after successful test run of this project, the same shall be madeavailable to all field formations throughout the countr