Karachi, December 28, 2024 – The Regional Tax Office (RTO)-1 Karachi has undertaken a stringent crackdown on retail outlets violating Point of Sale (POS) regulations, sealing 19 establishments and recovering approximately Rs 25.5 million in penalties.
According to an official statement released on Saturday, the RTO-1 Karachi has escalated its enforcement measures against POS violations within its administrative zones. The initiative reflects an intensified effort to ensure compliance with the Federal Board of Revenue’s (FBR) directives regarding the mandatory integration of retail outlets into the POS system.
The targeted action led to the sealing of 19 retail outlets found in breach of POS requirements. The penalties imposed on these outlets culminated in the recovery of Rs 25.5 million. This operation spanned all four administrative zones under the jurisdiction of RTO-1 Karachi, underscoring the comprehensive nature of the enforcement drive.
Additionally, the RTO-1 Karachi successfully integrated seven new retail outlets into the FBR’s POS system during the same period. This proactive measure aims to enhance transparency and improve tax compliance among businesses.
Chief Commissioner RTO-1, Dr. Faheem Mohammad, has issued unequivocal directives to his team of Commissioners, emphasizing the importance of verifying POS systems within their respective jurisdictions. He instructed them to conduct thorough inspections and take swift, lawful actions against non-compliant entities.
Dr. Faheem further underscored that the ongoing surprise inspections and enforcement activities would be intensified in the coming days. The objective is to deter violations and encourage greater adherence to the POS regulations, thereby strengthening the overall tax administration framework.
The deployment of Point of Sale systems is pivotal for ensuring accurate documentation of sales and minimizing tax evasion. The FBR’s persistent efforts in enforcing POS compliance signify its commitment to fostering a transparent and equitable tax ecosystem.
As enforcement actions continue to gain momentum, businesses are urged to align with POS requirements promptly to avoid punitive measures. This robust initiative by RTO-1 Karachi is expected to serve as a deterrent for violators while fostering a culture of compliance across the retail sector.
