The report states that inexperience of the licensing company is also the reason for not implementing the system.
Islamabad: The report on the failure of Track and Trace System (TTS) of Federal Board of Revenue (FBR) has come out.
According to the report, the industrial sector resisted the implementation of the track and trace system, while the incompetence of the bureaucracy was also the reason for the system not being implemented.
The report states that inexperience of the licensing company is also the reason for not implementing the system, while it has also been revealed in the report that the track and trace system was implemented without understanding the local industry situation.
The report further stated that the track and trace system did not include provisions for arbitration, audit and fines while technology transfer was also not done under the system.
It has been mentioned in the report that FBR and the licensed company lacked the required expertise and understanding. The contractual lapses and court proceedings, stay orders, contributed to the delay in the implementation of the TTS.
The report also revealed that FBR has not created any capacity to control TTS on its own.
The report recommends increasing the capacity of FBR to review production data and sales tax and creating a task force to implement TTS, monitoring the track and trace system from the office of the Prime Minister or the Treasury.
Pakistani squad announced for upcoming Asian Winter Games in China
- 6 hours ago
Malala in Islamabad to attend global conference on girls' education
- 3 hours ago
12 killed in Karak accident on Indus Highway
- an hour ago
US unemployment rate hits record low of 4.1pc in Dec 2024
- 4 hours ago
Pakistan values its relations with Britain: Naqvi
- 43 minutes ago
Sale of adulterated LPG endangers millions of lives
- 2 hours ago
Six killed in Phalia due to fireworks explosion
- 5 hours ago
Govt's initiative for British-Pakistanis aspiring to perform Hajj 2025
- 6 hours ago
PM determined to ensure girls' education in developing countries
- 2 hours ago
PTI founder approaches LHC for bail in May 9 cases
- 6 minutes ago
Fog in Punjab, motorways closed, flight operations affected
- 5 hours ago
Social attitudes must be challenged for girls' education: Lt Gen Nigar Johar
- 33 minutes ago