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

IR intelligence unearths Rs4.27bn sales tax fraud

ISLAMABAD: The Directorate General of Intelligence and Investigation (Inland Revenue) has unearthed a sales tax fraud to the tune of Rs4.27 billion by M/s. Innovative Biscuits (Pvt). A statement issued by the Federal Board of Revenue (FBR) on Monday said that the Directorate of Intelligence & Investigation (IR), Lahore on receipt of credible information related […]

by Mrs. Anjum Shahnawaz

What is tax fraud?

Sales Tax Act, 1990 has defined ‘tax fraud’ as doing of any act knowingly without lawful excuse. The Sales Tax Act, 1990 [updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR)] explained ‘tax fraud’ as: “Tax fraud” means knowingly, dishonestly or fraudulently and without any lawful excuse (burden of proof […]

by Mrs. Anjum Shahnawaz