- FBR will use Section 37A only against tax fraudsters, not legitimate businesses.
- Dr. Hamid Ateeq Sarwar assured that Section 37A targets fraudulent practices like fake invoices.
- FPCCI had concerns about misuse of powers but canceled a planned strike after assurances.
- Business leaders expressed concerns about tax issues and unilateral stamp duty increases.
- Minister Bilal Azhar Kiyani promised to address these issues and prevent misuse of authority.
- FBR identified 60,000 active sales tax filers and will act only against clear tax evaders.
- Honest businesses are assured they have nothing to fear from FBR actions.
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.
