Auditor General finds Rs201 billion discrepancy in FBR tax receipts

ISLAMABAD: The Auditor General of Pakistan (AGP) has discovered variations of Rs201.39 billion in the figures of tax receipts, and referred to these as ‘evasion’ in the audit report on the accounts of the Federal Board of Revenue (FBR) for 2017-18, claimed a report published in Dawn.

The AGP has recommended various measures for the recovery of evaded taxes from the FBR along with fixing of responsibility. Those found responsible be proceeded against under the relevant disciplinary rules, the AGP added.

The observation includes cases of non/short assessment of taxes, grant of 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.

The report will soon be placed before the Public Accounts Committee which is led by Mian Shahbaz Sharif.

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

3 COMMENTS

    • Exactly. . What a bkwas our laws is? Those who are facing the severe corruption cases during their government. ..now will see the report of tax evasions during that period.. they had made law according to their own facilities and favour.

  1. Pakistan is a laughing stock in front of international investors as one corrupt brother will receive report of the other corrupt brother on his corruption.

    We are doomed.

Comments are closed.

Must Read

Walt Disney forms business unit to coordinate use of AI, augmented...

Walt Disney is forming a new group to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality, as the media...