KARACHI - Karachi Chamber of Commerce and Industry in the larger interest of trade and industry and to penalise the unscrupulous elements has demanded Chairman Federal Board of Revenue Mumtaz Haider Rizvi to bifurcate the list of tax-payer to whom notices were served under Section 8-A (37) of Sales Tax Act 1990.

This point of view was conveyed by former President KCCI A Q. Khalil and former Vice President KCCI Muhammad Haroon Agar during a meeting chaired by Director Intelligence & Investigation FBR Dr Zulfiqar Ahmed Malik in his office here on Friday where Mansha Churra, Zubair Tufail and Mian Zahid Hussain of FPCCI were also present.

According to statement, KCCI would not oppose action if any against dishonest elements and those who brought loss to national exchequer should be treated according to law.

KCCI said segregate the tax-payers who strictly abided the sales tax act while implementing section 73 and the real dishonest elements who had received that money which was mandatory to be deposited in the national exchequer.

Representative of FPCCI Mian Zahid Hussain disclosed that Chairman FBR did not agree to issue SRO as insisted by the business community and has urged that KCCI and FPCCI should cooperate to meet the desired tax collection targets of FBR then he while using his powers may condone the additional tax, penalties based levies on tax payers on case-to-case and FBR will also cooperate with those tax payers who showed good performance and cooperated. In reply, the representatives of KCCI appealed Chairman FBR to discuss this matter with leadership and office-bearers of KCCI.

 and revisit the decision so that the national exchequer may collect the revenue and business activities may revive again.  Moreover, they once again demanded that Chairman FBR must ensure that action shall only be taken against unscrupulous elements and the honest tax payers must not be harassed at all.

Karachi Chamber, in the larger interest of the trade and industry, also assured all honest tax payers who complied sales tax act while implementing section 73 and were victimized due to some wrong business practice or to whom notices were wrongly issued or due to principal amount dispute of its best support and cooperation.