17/11/2020
Further agenda, points discussed and suggestions given by the LTBA in the today meeting as under
1- All the fixed columns and formula of computation should be lifted to grant access to justice, interpretation and application of law according to understanding of the taxpayer and in case of dispute, to be decided by the appellate forum available in the statue instead of taking away such right and remedy of the taxpayer.
2- Revision of upward sales tax return/income tax return under the over-writing provisions be allowed to be e-filed on the portal without any permission and just intimation on the portal to the concerned authority.
3- Extra tax charged in the electricity bill in case of in active taxpayer collected under special sales tax procedure be withdrawn as sales tax procedures 2007 has been abolished and no more exist with effect from 1st July 2019.
4- Outstanding sales tax paid on import and adjustable under rule 58H as on 30-06-2019 be allowed and adjusted in the subsequent month as an input against charged of FED in case of steel meters and rerollers.
5- Out of multiple minimum taxes, the maximum minimum amount of tax should be taken into account for comparison with total normal tax liability and excess amount of such minimum tax liability over the normal tax liability should be added only instead of all minimum tax liability calculation and additions under head of minimum tax.
6- The sales tax notices should also be Bar coded and sent through Iris.
7- The proper address and phone number of concerned officer should be mentioned on the notices who issue the notices.
8- Issuance of Circular instead of clarification and must be placed on FBR portal for taxpayers facilitation.
9- Addition of bank credit entries under section 111 is a matter of audit and verification constituting of about 90% of total business transaction and should not be added directly bu envoking section 122 but through conducting audit and confronting audit report under section 177(6) and similar prior audit procedures should be adopted in Sales Tax and FED cases prior to inition of adjudicating proceedings.