Islamabad. (Online): The owners of CNG and petrol pumps of Lahore region have committed tax evasion of Rs. 1.194 billion. This was revealed in an official document that was tabled in the parliament committee for probe.
\nThe CNG and petrol pumps owners had collected billion of rupees from consumers and did not deposit a single penny in the banks.
\nOwners had to deposit the amount of tax collected from consumers in national exchequer as per rules and regulations but after coming PML-N into power, the owners of hundreds of CNG stations installed in the surrounding areas of Lahore did not deposit it which value is over Rs 1.19 billion.
\nUnder section 3-B of sales tax Act 1990, a person or department who collects tax from consumers is bound to deposit the amount of tax in national exchequer within 90 days otherwise concerned department or person would consider defaulter and action would be taken against him.
\nThe FBR\u2019s authorities told Online in this regard that showcause notices have been issued to CNG station and petrol pump owners, however the higher authorities did not take any action against officials who assess the tax value. The authorities should take stern action against black sheep. The FBR would inform the parliamentary committee in its next meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad. (Online): The owners of CNG and petrol pumps of Lahore region have committed tax evasion of Rs. 1.194 billion. This was revealed in an official document that was tabled in the parliament committee for probe. The CNG and petrol pumps owners had collected billion of rupees from consumers and did not deposit a single […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-13715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n