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Fake & flying invoices: IR submits FIR against M/s Shan Enterprises

KARACHI: The Customs Court admitted first information report (FIR) against Muhammad Shahzad, owner of M/s Shan Enterprises and others for committing  tax fraud by obtaining sales tax refund on the strength of fake and flying invoices and false zero rated suppliers without having any manufacturing facility.

On 29 October 2020, investigation officer of Commissioner Inland Revenue Zone-I submitted FIR and informed the court that the physical verification of the declared business premises of accused person was carried out  dated August 19, 2020 and it was reported by the team on the said addresses was under the occupancy of the Muhammad Shahzad, owner of M/s Shan Enterprises, Karachi along with a few other also hence, the existence is claim to be suspicious/ dubious.

He further argued that summons under section 37 were also issued dated August 17, 2020 vide TCS tracking for compliance dated August 21, 2020 which was received by Ubaid on August 19, 2020 but no compliance has been made on the due date.

He submitted that based on these facts, it is concluded that the sole objective of the said accused person was to claim illegal sales tax refund on local supplies, which directly comes under the scope of tax fraud as per section 2 (37) of the sales tax act, 1990 and FIR is lodged accordingly, further investigation of owners of declared premises buyers, suppliers and proprietor are in progress.

2020-10-31
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