FBR seals two sugar mills over tax law violation |
ISLAMABAD: The Federal Board of Revenue (FBR) has sealed two sugar mills in central Punjab for serious breaches of statutory provisions, in line with the government’s zero-tolerance policy against violations of tax laws.
The enforcement action was taken following violations of Section 40C of the Sales Tax Act, 1990, read with Chapter XIV-B and Chapter XIV-BA, as well as Rule 150ZQZE of the Sales Tax Rules, 2006, which prescribe mandatory monitoring, control and compliance mechanisms for the sugar sector.
An official announcement issued on Monday said the action underscores the FBR’s resolve to ensure strict adherence to sales tax........