FBR processes refund claims with data errors under FASTER system

KARACHI: Federal Board of Revenue (FBR) on Friday said it processed refund claims with data errors under Fully Automated Sales Tax e-Refund (FASTER) system.

The FBR urged FASTER Refund claimants to file refund claims in sequence i.e. July 2019 and then August 2019 and so on.

“Claims with data errors, rolled back and re-submitted claims relating to July 2019 have been processed,” the FBR said.

Such claims relating to August 2019 are under process which will be followed by September 2019 and onwards claims.

BCA Data is being sorted and Commercial Exporters Claims shall be processed in the coming week, the FBR added.

The FBR recently introduced electronic refund processing system to facilitate taxpayers. However, due to glitches in the form submission created difficulties for taxpayers in obtaining refunds.

The FBR issued a guideline for claiming refund under FASTER System.

01. Annex-H is a stock statement of input goods / services which shows flow of inputs in terms of quantity, value and sales tax involved in opening / closing balances, purchases and consumption in exports and local sales.

02. Quantities / values of finished products (exports and local) and output tax on local sales should not be mentioned in Annex-H.

03 Use Annex H to upload for the month transactions i-e purchase, import and Consumption only, Opening and Closing are derived /calculated automatically.

Same is applicable for Excel file uploading otherwise objection of duplicate value will arise.

04. The brought forward and carry forward tax amount in the return should match with opening balance and closing balance tax amount in the Annex-H.

05. The value of purchases and input tax paid thereon in the return should match with the corresponding figures in columns “purchased / imported during the month” in Annex-H.

Properly filled Annex-H without objections and anomalies of data will ensure processing in 72 Hours, the FBR said.

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