Tax defaulters in Pakistani media: E&C Division-V RTO, Karachi – by Farhad Jarral

LUBP presents a report by the Enforcement and Collection Division-V RTO, Karachi highlighting the ethical and moral position of our sacred cows in Pakistani media.

E&C DIVISION-V RTO, KARACHI – MEDIA CASES

Minimum Tax Liability / Shortfall – Position of Sales Tax Demand As on 04-05-2010

(Amount in Million Rs.)

S. No Name of Taxpayer Brand name(s) Demand Remarks
11(5) 11A Total
1. M/s ARY Communications (Pvt) Ltd. ARY One, ARY Digital, ARY Zoq 397.917 397.917 Installment granted to pay off reconciled amount @ Rs. 10 (m) per month
2. M/s Airwaves Media Network (Pvt.) Ltd. TV One, News One, Waseb TV 123.652 80.256 203.908 Commissioner (Appeal) disposed off appeal annulling order passed v/s 11(5). SCN issued afresh, to recover Rs.123.652(m). case fixed for 12.08.2010. taxpayer requested to adjust its pending refund claims of Income Tax of Rs.69 million ageist order v/s 11A. adjustment to be completed during the month of May after verifications.
3. M/s Television Media Network (Pvt.) Ltd. Express News, Express English, Express Estt. Express Music 97.446 97.446 O.P, filed before SHC, next data of hearing 07/05/2010.
4. M/s 24 Seven Media Network (Pvt.) Ltd. Play TV 0.900 3.378 4.779 Submitted reply and under reconciliation
5. M/s. Jang Broadcasting Systems (Pvt.) Ltd Samaa TV 13.852 13.852 Submitted reply and under reconciliation.
6. M/s. Independent Music (SMC-Pvt.) Ltd. Aag 23.408 71.545 94.951 Data analyzed, for notice of minimum tax liability a/w SCN v/s 36(1) for Rs. 107.051 (m) due to mis-match of ST/IT Data. Under transfer to LTU over the point of jurisdiction.
7. M/s Independent Media Corporation (Pvt.) Ltd. GEO TV/GEO News 1,680.000 1,680.000 CP pending before Honourable Sindh High Court, next date of hearing 06.05.2010.
8. M/s Dhoom TV Network Dhoom TV 4.174 4.174 Case remained un-complled, final opportunity accorded fixing next date of hearing
9. Indus Entertainment (Pvt.) Ltd. Indus TV 149.775 149.775 O.P, filed before SHC, next date of hearing 11.05.2010.
10. I.M.(pvt). Ltd MTV 70.262 70.262 O.P, filed before SHC, next date of hearing 11.05.2010
11. M/s. Gaaza Broadcast System (Pvt.) Ltd. G. Channel 14.962 14.962 Evasive compliance, final opportunity accorded fixing case for 12.05.2010
12. M/s. Eye Television Hum TV / Masala TV 5.797 5797 Taxpayer intimated that jurisdiction rests with LTU/K – under transfer

Summary

Demand u/s 11 & 11A 2,737.822
Sales Tax Demand u/s 36(1) 107.015
Default Surcharge to be calculated after reconciliation (Approx amount) 280.000
Penalty being 100% of Demand u/s 122(5A) – (Action AU-DIV) 938.607
Anticipated Income Tax Demand u/s 122(5A) – (Action AU-DIV) 24.492
Gross Revenue Impact (Including demands u/s 11 & 11A 4,088.136




A story Pakistani media won’t tell
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