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FBR issues refunds of Rs51.5b through FASTER

FBR issues refunds of Rs51.5b through FASTER

ISLAMABAD: The Federal Board of Revenue has Issues refunds of Rs51.5 billion through FASTER.

According to press note, the FBR has released the latest information relating to the issuance of Refunds through FASTER (Fully Automated Sales Tax E-Refund System).

As per record, since July 2019, a total of refunds amounting to Rs64.5 billion were claimed through FASTR System. Out of it, refund cases of Rs57 billion were processed. Out of these processed cases, refund payment of rupees 51.5 billion have been made to the exporters and businessmen so far.

The remaining unpaid refund cases have been withheld due to incomplete date provision by the exporters and businessmen.