Chinese Company
Pakistan: Sindh Revenue Board suspends sales tax registration of Chinese company
Karachi: Sindh Revenue Board (SRB) has suspended sales tax registration of a Chinese energy company after it failed to produce purchase invoices, media reports said.
In the notification issued to M/s China Electric Engineering Group TanJin Electric Power Construction Company Limited, the SRB said the scrutiny of the taxpayer revealed the company had failed to comply with certain regulatory requirement, reports The News International.
“The company keeps the abnormal tax profile on account of made/declared huge purchases and failed to attach the purchase invoices with Sindh sales tax returns,” the SRB was quoted as saying by the Pakistan-based newspaper.
It further stated the company had failed to comply with the earlier tax notices served on February 26, 2020 and March 16, 2020 issued on account of verification of input tax claims/adjusted in the Sindh sales tax returns from the tax period of April 2019 and onwards, reports the newspaper.
On the basis of violation of sales tax on services rules the SRB suspended the sales tax registration of the company.
The SRB also directed the company to take remedial action by April 12, 2021.
The SRB advised the company officials to appear personally and verify the registration particulars including Memorandum of Article, CNICs, Passport, VISA, SECP registration certificate, FBR registration certificate, tenancy agreement / lease documents, last paid electricity bill and bank statement of the last 12 months, reports The News International.
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