Federal Board of Revenue has issued a clarification on the news item titled “stuck refunds pile up to Rs 100 bln in eight months” published in a section of the press and has stated that the refund claims filed in Annex-H are only 37 billion in which 29.5 billion have been issued and the rest are deferred due to data feeding errors.
FBR has further clarified another news item titled “double-digit drop in sales tax collection clouds revenue outlook” published in press and has stated that sales tax domestic growth up to February 2020 is 32.5% till date and overall growth of sales tax is 24% which is in line with performance up to January of 24.6%. The news published in the press stating double digit drop in sales tax is baseless and misleading.
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