ISLAMABAD: The Federal Board of Revenue (FBR) has tightened the condition of mandatory tax stamps of all sugar bags and advised all the supply chain not to accept sugar bags without tax stamps.
The FBR in a communication advised all the Chambers of Commerce & Industries, all Trade Bodies, and Trade Associations of the country to strictly comply with the legal requirements of Track & Trace System on Sugar Sector in order to avoid any legal repercussions.
This was informed to all the stakeholders vide a letter issued by the Project Director, Track and Trace System, FBR.
In the letter, FBR has referred to Sales Tax General Order No.05 of 2021, wherein it was notified that no sugar bags, for the current crushing season 2021-22, would be allowed to move out from a production site and the factory premises or warehouse without affixation of tax stamps and Unique Identification Marks (UIMs) with effect from 11th November 2021.
FBR has highlighted in the letter that all supply chain operators including distributors, wholesalers, dealers and retailers are also required not to accept or receive and sell any sugar bag, of the current season, without tax stamp affixed on the sugar bag. In case of non-compliance by any of the supply chain operators, Penal action will be initiated against them in accordance with the provision of the Sales Tax Act, 1990.