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  • Jan 31st, 2010
  • Comments Off on Resolving steel sector issues: Commissioner, industry representatives agree to appoint facilitator
Representatives of the steel industry from the melting and re-rolling sections met Chief Commissioner Inland Revenue, Regional Tax Office, Lahore Khawaja Shaukat Ali for the redressing of their problems relating to sales tax refund and audit and non-payment/under payment of sales tax on several steel furnaces.

The delegation was led by President and executive members of the association, said a spokesman of the RTO, here on Saturday. In the meeting, it was decided that the steel industry would nominate a facilitator, who would co-ordinate with department's nominated liaison officer in order to create a better understanding on the issues.

He would also ensure confidence-building measures by taking stern action against the defaulters who are not paying their due amount of tax. The department promised to provide the steel industry an electronic access to the database and give all of them a level playing field.

It was assured that as the functional integration/harmonisation of taxes has been made viz a viz sales tax, income tax and federal excise, efforts would be made to make the system work smoothly and efficiently in solving the taxpayers genuine problems through a one window operation. The meeting was also attended by the Commissioners Inland Revenue, Enforcement & Collection Division-I, II & III, RTO, Lahore.

Copyright Business Recorder, 2010


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