LAHORE – The Federal Board of Revenue (FBR) and its sub-organs have been creating unfair hurdles and using delaying tactics to clear the billions of rupees’ sales tax refunds of the tractor industry despite the full assurance of the Ministry of Industries and Production and FBR’s high-ups.
The delegation apprised the minister that tractor manufacturers and their vending industry were inter-connected and if more than Rs 6 billion sales tax refunds, held for the last 18 months by the FBR, were not released on an immediate basis to the tractors industry, the circular effect would choke the tractor industry, including the vending industry.
PAAPAM chairman appealed to the minister of Finance and Revenue, and FBR chairman to clear the sales tax refunds of the tractor industry on regular basis within the minimum possible time.