FBR arrests trader for fake invoices, tax evasion.

FAISALABAD -- The Federal Board of Revenue (FBR) regional tax office arrested a trader for making fake invoices worth millions of rupees to evade tax.

The FBR officials registered a case against the suspect, Shabbir Shah, the owner of Amin Traders, after collecting evidence.

An FBR officer said an inquiry had established that Shah was a part of fraudsters' gang involved in issuance of fake invoices. He said Shah along with other persons/abettors was habitual tax fraudster and was found involved in issuance of flying invoices by getting units registered under different CNIC numbers with different regional tax offices (RTOs) across the country to trick the FBR.He said itwas observed that Shah had declared taxable purchases/import of Rs217m and claimed input tax credit amounting Rs43m. He had declared local supplies valuing Rs249m involving output tax of Rs42m...