FTO orders probe into Rs14.9b ST refund fraud
13-2-2023
ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered the Federal Board of Revenue (FBR) to investigate alleged tax fraud committed by Millat Tractors Ltd (MTL) against payment of inadmissible sales tax refund of Rs14.887 billion for 2017-22 period. The FTO issued its detailed order last week in favour of the growers of Sindh, who had complained through a senior vice president of the Sindh Chamber of Agriculture (SCA), Hyderabad. The complainants alleged illegal payment of sales tax refund worth billions of rupees to the MTL, Lahore through “self-made documents against transactions made through black money, by using fake and flying invoices, benami names and unrelated CNIC numbers, which were never audited by the FBR.