INTRODUCTION

 

The Federal Board of Revenue issued circular C.No.3 (5)ST-L&P/2019 dated October 21, 2019 to explain the procedure for issuance of refund payment under FASTER refund module.

 

COMMENTARY:

 

Through this circular the Federal Board of Revenue is clarified that the refund will be processed on the basis of entries reported in Annex-H.

 

The exporters facing some difficulties in filling Annexure-H and also requested to allow to revise their sales tax returns because entries in Annexure-F doesn’t match with that of Annexure-H.

 

The Federal Board of Revenue further clarified that the claimants are advised not to revise the returns but to submit Annexure-H if not already submitted and FBR further advised the field formations not to draw an adverse inference if Annexure-F doesn’t match with Annexure-H where returns submitted already.

 

LINK TO DOCUMENT

2019102118101830848SalesTaxCircularNo.4of2019