 Registration 2024 Karachi: Sindh Revenue Board (SRB) has stopped registration for sales tax of seven taxpayers){kind=link}
Sindh Revenue Board (SRB) SRB Registration 2024 – Karachi: Sindh Revenue Board (SRB) has stopped registration for sales tax of seven taxpayers who did not complete their tax returns for four tax periods consecutively. Sindh Revenue Board (SRB) over the course of the last eight months from July 2024 until February 2024, has collected Rs 89.952 billion, which is far from the twelve-month goal of 150 billion rupees.
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The SRB in a letter addressed to the Pakistan Automation Revenue (Pvt) Limited (PRAL) informed them that seven taxpayers were removed with immediate effect. This was announced at an event that was held under the direction of Sindh chief minister Syed Murad Ali Shah here at the CM’s residence on Saturday.
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The SRB declared that the meeting was conducted under Section 25(1)(a)(ii) (iii) of the Sindh Sales Tax on Services. This meeting was attended by advisor Law Murtaza Wahab, Secretary Finance Sajid Jamal Abro special secretary to CM Rahim Shaikh, Chairman SRB Wasif Memon, and other officials.
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Act 2011 stipulates that the registration of a person is revoked if the individual has failed to fulfill their obligations in the Act. The Chief Minister was able to review Sindh Sales Tax (SST) revenue collection, as well as other issues.
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Additionally rule 10 in the Sindh Sales Tax on Services Rules 2011 also stipulates that a registered person is liable for tax if he is found to be guilty of fraud or deliberation. SRB Chair Wasif Memon briefing the CM stated that SRB has seen a significant increase in the collection of revenue. He stated that in Feb 2024 the SRB collected Rs12.406 billion which is an increase of 23 percent over the collection of February 2024.
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Intentional non-payment or short payment or tax evasion or not filing tax returns for four consecutive tax seasons. “Progressive collection for the current financial year for the period of July 2024 until February 2024, is Rs89.953 billion, indicating a growth of 17 percent over the same time frame the previous year.” said the CM informed.
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SRB as well as an agent of SRB appointed by the board to act in this regard can suspend the registration of a person. Additionally, the CM stated that SRB does its work by redoubling its enforcement efforts and is optimistic that the target for revenue that was set in the present fiscal year of Rs150 billion can be met.
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The SRB stated that during the examination of the tax profile of taxpayers, the registered taxpayers had not completed tax returns for their Sindh sales tax returns monthly for the four previous tax periods i.e. May 2024 to July 2024. Board Of Revenue Sindh Hyderabad.
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He also advised maximizing the revenue collection efforts to reach the specified goal. The CM also instructed SRB to ensure that they reconcile the claims and counterclaims with FRB Srb Portal. This non-filing practice is against the province’s tax legislation.
Sindh Revenue Board restores ST registration of 12 taxpayers
In a message addressed to Pakistan Revenue Automation Pvt Limited (PRAL) in a letter, the SRB stated that the taxpayers have paid a penalty and have agreed to pay the outstanding amount and file sales tax returns upon reinstatement of registration. Sindh Board Of Revenue Property Check.
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