Govt to finalize refund payment orders by August 23
ISLAMABAD : The government on Saturday decided that the refund payment orders issued till April 30 would be finalized by August 23.
The decision was taken during a meeting chaired by Finance Minister Senator Mohammad Ishaq Dar. The meeting with Federal Board of Revenue was convened to review the process for sales tax refunds promised in budget 2016.
Special Assistant to Prime Minister on Revenue Haroon Akhtar and the FBR chairman discussed with the minister about the current position of the sales tax refunds and their breakup in different sectors.
It was also decided that the refund payment orders issued up to June 30 would be considered and finalized later. On the occasion, the finance minister directed that every effort should be made to facilitate the business community, including exporters. He expressed hope that finalization of sales tax refunds would help increase business activities in the country. The meeting was also attended by senior officials of Federal Board of Revenue and Ministry of Finance.
Source : APP