Gang busted in fake tax invoices case
Directorate General Intelligence & Investigation of the Federal Board of Revenue (FBR) has busted a gang of fraudsters involved in issuance of fake/flying invoices in the name of bogus companies.
A press release issued on Wednesday said the officials of the DGI&I Islamabad had rounded up four persons identified as Faisal Elahi s/o Anees Elahi, Shaikh Zahid Sehgal alias Billo s/o Muhammad Aslam Sehgal, Karim s/o Jameel Ahmed and Asghar Ali alias Javed s/o Ghulam Rasul for their involvement in obtaining sales tax registration certificates along with sales tax registration files of various closed and nil-filer/non-filer units, in connivance with unscrupulous sales tax staff at Karachi. A large number of sales tax registration certificates, blank letter head, CNICs and rent certificates were also recovered from them.
Preliminary investigation has revealed that it is a huge racket which is involved in using closed/inactive units for issuance of fake sales tax invoices for illegally obtaining inadmissible input adjustments and refunds. The FBR Chairman has directed that the Chief Commissioner Regional Tax Office Karachi extend full cooperation to the intelligence staff in apprehending the culprits and recovering precious government revenue. The Chairman has vowed to root out the menace of fake sales tax invoices which is a major hurdle to the expeditious issuance of refunds to taxpayers. To check this illegal activity, FBR has already deployed its official in plainclothes around all major regional tax offices in the country.
Hamid Raza Wattoo
Feb 02, 2011