SIALKOT: Federal Board of Revenue (FBR) has imposed 40-B Act in Gujranwala Region for a period of a month before the end of the running fiscal year to ensure achievement of tax recovery.
After the promulgation of 40-B Act, the Regional Tax Directorate Gujranwala has started appointing the senior FBR officials in the tax defaulting big factories in Gujranwala region due to which the traders, industrialists and exporters of Gujranwala have become much perturbed.
Gujranwala Chamber of Commerce and Industry (GCCI) has expressed grave concern over this step by the Regional Tax Directorate Gujranwala and GCCI has warned to lock up their factories if the senior FBR officials being deputed at their factories were not called back.
President Gujranwala Chamber of Commerce and Industry (GCCI) Khawaja Khalid Hassan, senior vice president Kashif A. Aziz and vice president Babu Imtiaz have expressed grave concern over the promulgation of 40-B Act in Gujranwala region till June 30, 2015 and deputation of the senior FBR officials in the defaulting factories in Gujranwala region.
They said that the deputation of the FBR officials in factories would open the new ways of corruption, as the FBR officials will try become the owners of the factories after being deputed there. They said that deputation of the FBR officials in the Gujranwala factories has already created a panic among the Gujranwala business community.
GCCI officials said that they had ever been urging the FBR to find the new tax and bring maximum new people in the tax net, but instead of finding new tax payers, the FBR officials were sucking the blood from bodies of the old tax payers. Gujranwala business community has urged the government to withdraw 40-B Act and call back the FBR officials deputed there at the Gujranwala’s factories.