National Board of Revenue has launched a new initiative to restraint VAT evasion by corporates and private companies. VAT is now the second largest revenue source for the government. A team of NBR audit, intelligence and investigation directorate for value-added Tax has already identified few firms not giving VAT to the government. There has been lots of discussions around VAT and VAT fraud in recent times. It has been noticed and reported by many customers that many private firms don't provide any VAT receipt while keeping extra charges for VAT from customers.
