- LTO Karachi sealed four outlets of M/s. Collectibles for alleged sales tax fraud.
- The operation was conducted by Zone-1 of LTO Karachi to address tax evasion.
- Outlets in Dolmen Mall and Zamzama, Clifton were targeted.
- Investigation revealed violations of the mandatory POS system by the retailer.
- Misdeclaration of goods was also discovered during the inspection.
- Outlets will remain sealed until tax obligations are fulfilled and a verified invoicing system is implemented.
- The FBR has amended sales tax regulations to enhance enforcement actions.
- The crackdown aims to curb tax fraud and promote transparency in the retail sector.
- LTO Karachi’s actions emphasize the importance of compliance with tax laws.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
