ISLAMABAD: The Federal Board of Revenue has introduced further amendments to the Sales Tax Rules, 2006, requiring unresolved or unverified amounts to undergo four additional verification checks before being processed under the next stage of the tax system.
According to a notification issued by the FBR, the changes have been made under Section 50 of the Sales Tax Act, 1990.
Under the amended Rule 29, any amount that remains uncleared or unverified after eight verification checks, including the initial review, will be subjected to four more system-generated verification cycles.
These additional checks will be carried out once every week.
If the amount still remains unresolved after the completion of the four extra verification cycles, it will be processed under the STARR module described in Chapter V of the Sales Tax Rules.
The FBR has introduced a similar amendment to the second proviso of Rule 39F.
Under the revised provision, amounts that remain uncleared or unverified after eight checks will also be subjected to four additional weekly verification cycles by the system.
If the amount is still not cleared or verified after these extra checks, it will be forwarded for processing under the STARR module.
The latest amendments are aimed at strengthening the verification mechanism under the sales tax regime and providing additional opportunities for unresolved amounts to be reviewed before moving to the next stage of processing.