RTO II Lahore Education Time: CREST - Training workshop
FBR has developed the CREST software that checks information in monthly returns, import/export data and cross matches for every Registered Person. CREST system has an in-built capacity to verify the veracity of reply received from the registered person. CREST system is designed for Sales Tax and is based on declarations and covers areas as purchases including Input tax adjustment of buyers and suppliers; Zero Rated Sales to registered person with non-active ATL or blacklisted or suspended Sales Tax Registration Numbers (STRNs); Section 8B-exemption-claims against qualifying criteria per notification; Exports claim in returns which do not match with Customs export data; Commercial Imports by non-manufactures who also do not show value addition on imports.
