Menace of sales tax fraud: FBR fails to implement suggestions of FTO

Menace of sales tax fraud: FBR fails to implement suggestions of FTO

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to implement the most critical and far-reaching recommendations of the Federal Tax Ombudsman (FTO) to curb the menace of sales tax fraud through fake and flying invoices with active connivance of some advocates, chartered accountants and tax officers. When contacted Advocate Waheed Shahzad Butt, who has argued the case to curb sales tax fraud with state, told Business Recorder that the FTO…