ISLAMABAD: Federal Board of Revenue (FBR) will pursue the sales tax evading cases under the Anti-Money Laundering Act (AMLA) 2010 from start of new fiscal year, it is learnt here.
Sources told Customs Today that FBR will effectively pursue the cases against the evaders in order to punish those who cost the national exchequer, while the Director General Intelligence and Investigation-Inland Revenue (DG I&I-IR) has already started preparations.
Sources said that through this act, millions of recovery is expected till August & September 2018 from these cases in this regard.
FBR will issue an SRO in coming days to provide legal framework and authorize Director General Intelligence and Investigation-Inland Revenue (DG I&I-IR) to take action against the sales tax evaders and effectively pursue the cases against them, sources added.
It is important to mention here that DG I&I-IR has given operational powers against the sales tax evaders under the SRO 611 which was earlier declared illegal by Islamabad High Court; however, subsequently a divisional bench of IHC has sacked the judgment.