SRB suspends registration of ZY & Co. Bulk Terminals

SRB suspends registration of ZY & Co. Bulk Terminals

KARACHI: Sindh Revenue Board (SRB) has suspended the sales tax registration of M/s. Z.Y. & Co. Bulk Terminals (Private) Limited for defaulting payment and e-filing of monthly sales tax returns.

The SRB said that the scrutiny of tax profile revealed that the company failed:

— To make payment of Sindh sales tax on services pertaining to the tax period from December 2018 to February 2019.

— to e-file the Sindh sales tax return in the time limitation and the manner for the aforesaid period.

The SRB said that non-payment of SST and non-filing of SST returns within the time and manner prescribed under the law is contravention of Sindh Sales Tax Act, 2011 and the rules made thereunder.

The SRB suspended the sales tax registration of the company with immediate effect. However, it directed the company that the suspension would be revoked if following remedial measures are taken:

— To discharge all sales tax liability

— To e-file the true and correct monthly Sindh sales tax returns for the said tax periods.

In case of non-satisfactory response or failure to take remedial measures as suggested on or before April 04, 2019, the case would be further proceeded for cancellation the registration with the SRB.

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