Business
FBR begins surveillance of 21 beverage plants to tackle tax evasion – SUCH TV
The Federal Board of Revenue (FBR) has begun monitoring 21 beverage manufacturing units as part of its efforts to curb tax evasion. According to officials, the FBR has instructed Inland Revenue teams to keep a close eye on the sales records of these beverage-producing companies.
The monitoring drive has initially been launched in Lahore and other regions where major food and beverage production facilities are located.
These teams will review sales data for mineral water, dairy products, milk chocolates, energy drinks, and various other items.
FBR has empowered these teams under Section 40-B of the Sales Tax Act, enabling them to oversee sales, purchases, and stock levels of the manufacturing units.
The monitoring will be conducted daily to detect tax evasion.
These teams will also maintain daily data on sales and purchases of these manufacturing units.