Karachi MTO Seals Hobnob Outlets for Sales Tax Fraud

• MTO Karachi sealed three Hobnob outlets for alleged sales tax fraud.
• The outlets were located at Boat Basin, Dolmen Mall, and Shehbaz Commercial Clifton.
• The outlets were found to be collecting sales tax but not depositing it.
• The enforcement team from Zone-I of MTO Karachi carried out the operation.
• The outlets were issuing unverified sales tax invoices.
• The sealed outlets will remain closed until all outstanding sales tax liabilities are cleared.
• Hobnob must fully integrate its invoicing system with the FBR Dashboard.
• The operation sends a strong message to other retailers engaging in tax evasion.
• The FBR recently amended sales tax rules, giving tax authorities greater power to seal non-compliant businesses.
• Authorities at MTO Karachi have reiterated their resolve to continue crackdowns on tax fraud.

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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