Sep 12

RTO Karachi Launches FIR Against Mega Fake Sales Tax Invoice Scam Worth Rs 312 Billion

Karachi, September 12, 2023 – The Regional Tax Office (RTO) Karachi has taken a significant step in the fight against tax fraud by registering a First Information Report (FIR) to initiate formal legal proceedings against individuals involved in a massive fake sales tax invoice scam, which has led to a staggering loss of approximately Rs […]

by Shahnawaz Akhter

FBR Launches Aggressive Initiative to Combat Fake and Flying Invoices

Sep 7

Taxation, Top stories

FBR Launches Aggressive Initiative to Combat Fake and Flying Invoices

Karachi, September 7, 2023 – The Federal Board of Revenue (FBR) has taken a decisive step to tackle the growing menace of fake and flying invoices, a practice that has been undermining government revenues and integrity in tax administration. This initiative, announced through Sales Tax General Order No. 12 of 2023, outlines a comprehensive plan […]

by Shahnawaz Akhter

Mastermind Behind Fake Invoice Scam Apprehended by Karachi’s IR Intelligence

Aug 11

Taxation

Mastermind Behind Fake Invoice Scam Apprehended by Karachi’s IR Intelligence

The Directorate of Intelligence and Investigation (I&I) of Inland Revenue in Karachi has successfully apprehended the mastermind behind a colossal sales tax scam involving the creation and use of fake and flying invoices.

by Shahnawaz Akhter

FBR evolves strategy to combat fake invoices

Feb 20

Taxation

FBR evolves strategy to combat fake invoices

ISLAMABAD: Federal Board of Revenue (FBR) to review performance of tax offices regarding action taken against fake and flying invoices which caused huge monetary losses to the exchequer in the shape of issuance of bogus sales tax refunds. Sources on Saturday said that FBR chairman Muhammad Javed Ghani would chair an important meeting during his […]

by Mrs. Anjum Shahnawaz

CRTO Karachi sets up monitoring cell to identify fake, flying invoices

Oct 17

Taxation

CRTO Karachi sets up monitoring cell to identify fake, flying invoices

KARACHI: In order to identify taxpayers involved in fake and flying invoices, a monitoring cell has been established at Corporate Regional Tax Office (CRTO) Karachi. The cell has been established keeping in view the declining trend in sales tax payments during first quarter (July – September) 2019/2020. The monitoring cell has been assigned to identify […]

by Mrs. Anjum Shahnawaz