KARACHI – Former Senior Vice President of FPCCI and Convener FBR Complaint Resolution Committee of Sales Tax Refund Matters lauded FBR allowing sales tax refund in 72 hours also to other sectors in addition to five zero rated sectors through FBR new faster system.
He thank Chairman FBR Javed Ghani and Member In-Land Revenue Dr. Muhammad Ashfaq Ahmed for issuance of SRO-1172/2020 allowing commercial exporters to enhance time limit for filing of sales tax refund from 120 days to 180 days. While talking to Member In-Land Revenue Dr. Ashfaq Ahmed, Dr. Baig said the delay in refund of sales tax causing liquidity crunch, effecting cash flow and working capital of the companies.
The new facility of refunding sales tax within 72 hours would give a boost to increase exports of the country.
