ISLAMABAD:- The FBR plans to make Sales Tax Electronic System more active to help achieve revenue target of Rs3621 billion set for the current financial year. In an interview on Sunday, FBR Chairman Nisar Muhammad said important changes were being made in the sales tax system and scrutiny of invoices will be carried out through electronic system. The FBR chairman pointed out that International Monetary Fund had appreciated the Board for surpassing the revenue target of the last financial year.–NNI
Nisar said revenues worth Rs3114 billion were collected during the last fiscal year which is all time high.