Islamabad: The Federal Board of Revenue (FBR) has introduced a checklist for taxpayers seeking time limit condonation under the Sales Tax Act, 1990, according to a news source on September 19.
Under the details, the checklist, detailed in a recent circular issued by the FBR, requires taxpayers to address 14 specific questions to qualify for the condonation.
According to the circular, a new procedure has been prescribed for processing condonation requests under Section 74 of the Sales Tax Act. Taxpayers must apply to the relevant Commissioner of Inland Revenue (IR) for an extension, citing the reasons for the delay. If the extension request exceeds three years, the Commissioner will review the case and forward recommendations to the Board using a prescribed format.
The Commissioner has 15 working days to forward recommendations after receiving the application, though this timeline may be extended if additional information is required.
Once the recommendations are received, the Board will review and either approve or reject the request, notifying both the Commissioner-IR and the applicant. This new procedure replaces the previous guidelines outlined in Sales Tax Circular No. 01/2024/IR Operations.
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