SECP Investigates SE Fruits IPO After Sales Figures Fail to Match Tax Returns and Bank Records
SECP has requested export and foreign remittance records from 37 banks as it investigates financial discrepancies that led to the withdrawal of SE Fruits and Vegetable Limited’s Rs1.92 billion IPO.
FBR Allows Sales Tax Invoice Amendments After 72 Hours Through New IRIS Facility
FBR Allows Sales Tax Invoice Amendments After 72 Hours Through New IRIS Facility
FBR Introduces E-Scrutiny System for Sales Tax Returns Through IRIS
The FBR has introduced an electronic scrutiny mechanism for sales tax returns, allowing its computerised system to identify discrepancies and issue online advice or advance intimations through IRIS before legal or penal proceedings.
FBR IRIS System Glitches Disrupt Sales Tax Return Filing, PCDMA Seeks Urgent Resolution
Pakistan Chemicals & Dyes Merchants Association warns that technical issues in FBR’s IRIS system are delaying Sales Tax Returns and creating compliance risks for registered taxpayers.