ISLAMABAD - The National Assembly Standing Committee on Finance and Revenue Thursday came up with a suggestion to summon former finance minister Shaukat Tarin to explain about Rs500 billion corruption in Federal Board of Revenue (FBR). The Committee met under the chair of its chairperson, Fauzia Wahab. The suggestion of calling the former finance minister came when the Committee members and representatives of business community emphasised to reduce the corruption in Federal Board of Revenue instead of introducing Reformed General Sales Tax (RGST), as this could give more amount than what they are expecting from the new taxation measures. However, Chairman Federal Board of Revenue, Sohail Ahmad rejected such corruption in FBR and said, We did not have any specific study that can reveal Rs500 billion corruption in the tax department. A study on World Bank showed that the FBR had potential to collect additional Rs500 billion. According to the Transparency International report, corruption in customs and income tax had considerably decreased in last few years, he added. The Committee member, Kashmala Tariq, said that all members of FBR should quit their offices, as they failed to reduce corruption in their organisation. Earlier, All Pakistan Textile Mills Association (APTMA) continued its briefing on RGST on the second day of the meeting. Gohar Ejaz, Chairman APTMA, said that by eliminating zero-rated facility to textile industry, shortage of capital could raise, as around Rs518 billion would be collected from textile sector at different stages, which would be refunded after a long time. He asked the Government to collect 15 percent tax on local consumption of textile goods, which could give Rs25 billion revenue. He further informed that prices of clothes would go up after RGST, which would result in increase in demand of the smuggled clothes that are duty free. He said that the refund process took so much time, which would stop the capital. Shahid Khaqan Abbasi of PML N also supported the viewpoint of APTMA and said that the RGST would increase the cost of production in the country. Later, the Committee constituted a subcommittee to resolve the APTMA issues with FBR on RGST. The committee includes, Shahnaz Wazir Ali, Faisal Saleh Hayat, Kashmala Tariq, Shahid Khaqan Abbasi and Abdul Rashid Godil. Later, the representatives of former Association of Pakistan said that the Government should not impose any tax on the agricultural inputs, as there should be taxed on finished goods. Similarly Pakistan Crop Protection Association also demanded to give exemption to fertilizer and pesticides from RGST. He was of the view that the prices of wheat, rice, vegetables and fruits would increase after introduction of RGST. With the imposition of RGST the usage of input would decrease that would lead to reduction in the production while prices would go up, he said.