KARACHI: A retailer, who is consuming electricity above Rs1.2 million in a year, the online integration through point of sale has been made mandatory.
Definition of the term Tier I retailer has been elaborated to include a retailer falling in any one or more of the categories contained in said definition.
A retailer whose cumulative electricity bill for last 12 consecutive months exceeded Rs 600,000 was included in definition of Tier I retailer.
The said limit of Rs 600,000 has been enhanced to Rs 1,200,000 through Tax Laws (Second Amendment) Ordinance, 2019.
Further, Federal Board of Revenue (FBR) has been empowered to prescribe any person or class of persons to be considered a Tier-I Retailer.
The amended definition of Tier-I Retailer is as under:
“Tier-1 retailer” means a retailer falling in any one or more of the following categories, namely:–
a) a retailer operating as a unit of a national or international chain of stores;
b) a retailer operating in an air-conditioned shopping mall, plaza or center, excluding kiosks;
c) a retailer whose cumulative electricity bill during the immediately preceding twelve consecutive months exceeds Rupees twelve hundred thousand;
d) a wholesaler-cum-retailer, engaged in bulk import and supply of consumer goods on wholesale basis to the retailers as well as on retail basis to the general body of the consumers;
e) a retailer, whose shop measures one thousand square feet in area or more; and
f) any other person or class of persons as prescribed by the Board.
