ISLAMABAD, Dec 14 (APP):The Friends of Economic and Business Reforms (FEBR), on Saturday appealed the FBR to restrict the retailers to make their purchases only from sales tax registered persons for their income tax returns instead of binding the manufacturers for their sale only to registered suppliers and retailers. According to the press release, the condition of CNIC demanding from retailers is adding tensions for registered manufacturers leading to huge drop in their sale, grinding business activities to a halt. FBR President Kashif Anwar, in a letter to FBR Chairman Shabbar Zaidi, has reiterated his demand that the supplies shown by sales tax registered entities in their sales tax returns should be automatically shown as purchases are shown in the annual business income tax returns of those who are only registered in Income Tax. This will complete the supply chain from sales tax registered suppliers to the Income Tax registered purchasers, he added. “With regard to purchases made by all retailers, suppliers, agents and others not registered in sales tax, we request that they may be enjoined to make purchases from sales tax registered persons for their businesses income tax returns. As in case of sales tax registered persons, all … Continue reading FBR asked to ensure purchases from registered vendors