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Importers seek early sales tax adjustment

Importers seek early sales tax adjustment

KARACHI: Importers and business houses are facing hurdles in getting adjustment of sales tax since July 2013 revision of PRAL system.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Ismail Sattar, in a statement, urged the Federal Board of Revenue (FBR) to direct the Pakistan Revenue Automation Ltd (PRAL) management to update the automated revenue service to get the adjustment of sales tax paid by the importers.

He also urged the FBR not to make abrupt and arbitrary changes in PRAL system for manufacturing industries without knowing its consequences to cover its own weaknesses in enhancing revenue collection.

Ismail, who is also President Lasbela Chamber of Commerce and Industry (LCCI), further stated that many industries have to pay customs duty, income tax and sales tax on manual challans at import stage due to limitations of automated system.