ISLAMABAD: Federal Board of Revenue has detected 3798 non registered persons having industrial electricity connections liable to be compulsory registered under the sales tax and income tax laws. These non-registered persons having industrial connections fall in the jurisdiction of Lahore Electric Supply Company (LESCO) and Islamabad Electric Supply Company (IESCO).
According to details, these persons and their companies are paying millions of rupees in the head of monthly electricity and gas charges but are missing in the paper of Federal Bard of Revenue under sales tax and income tax laws.
According to the FBR report, names including M/s King Steel Industries (Pvt) Ltd (electicity bill Rs310 million), M/s Master Paint Industries (Pvt) Ltd (electric bill Rs9.685 million), Nadeem Safdar (M/s 4-S Paper Mills, electricity bill Rs73 million), Muhammad Amir Malik (Amir Malik Steel, electricity bill Rs25 million), Qasim (M.S. Steel Complex Pvt Ltd., electricity bill Rs24 million), M/s Ajmair Foods Limited Company (electricity bill Rs19 million), M/s Corptec Associates Private Limited (electricity bill Rs15.6 million), Azam Kadeer (M/s Taj Food Private Limited, electricity bill Rs17 million), Muhammad Akbar (M/s Akbar Dying Industries, electricity bill Rs.16.2 million), Mohammad Attiq (Poly Flex Pvt Ltd., electricity bill Rs15 million), Muhammad Iqbal (M/s Muridke Steel Re-Rolling, electricity bill Rs13.97 million), M/s Olympia Feeds Pvt Ltd (electricity bill Rs12.43 million), Ihsan ul Haq (Shami Oil Mills, electricity bill Rs12.057 million ), M/s Nice Chain Company (electricity bill Rs9.9 million) and M/S Global Inks and Chemical (electricity bill Rs8.88 million), M/s Gulshan Toufique Textile Industries (electricity bill Rs8.129 million) are included in the list with other hundreds of non-registered persons.
It is important to mention here that according to Section 14 & 2 (5AB) of the Sales Tax Act 1990, any manufacturer having annual turnover of taxable supplies of more than Rs 5 million or utilities bills of more than Rs.8 million per annum is liable to get registered.