Pakistan Readymade Garments Manufacturers says FBR’s recently launched software to check claims for bogus refunds and illegal input tax adjustments against fake and flying invoices is full of discrepancies

Karachi, April 01, 2013 (PPI-OT): The Zonal Chairman of PRGMEA, Shaikh Mohammad Shafiq has said that the FBR’s recently launched software to check claims for bogus refunds and illegal input tax adjustments against fake and flying invoices is full of discrepancies and errors.

He said that the Computerized Risk-based Evaluation System (CREST), developed by FBR to implement SRO # 179, is not user friendly and a very complex interface. The exporters are unable to use it effectively, moreover, news reports claim that even the tax officers are still unable to operate the said software, therefore, how can it be expected that exporters will use it with ease? Exporters have been asked by the FBR to submit data for the past 20 months (from July 2011 till February 2013) and have been given a deadline of March 31st. Shafiq said that it is not possible for any company to reconcile their 20 month data within this short time period.

He said that last digit of NTN number is missing in the software which makes it very difficult to sort out relevant data. He asked the FBR to remove the discrepancies from CREST and make the software user friendly. He also urged the FBR to extend the deadline giving ample time to exporters to reconcile their sales tax invoices.

For more information, contact:
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA)
18-A Shaheen View Building, Block-VI, P.E.C.H.S.,
Shahra-e-Faisal
Karachi-75400, Pakistan
Tel: +9221 3454 9073, +9221 3454 7912
Fax: +9221 3453 9669
Email: info@prgmea.org
Web: www.prgmea.org