FBR emphasizes the importance of digitalization and seeks private sector collaboration Islamabad, June 21, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday that it has issued approximately Rs540 billion worth of invoices through the Point of Sale (POS) system in the span of one year.
KARACHI: Defacing sales tax invoice has been declared as an offence under Sales Tax Act, 1990 as amendment has been made through Finance Act, 2022. The defacing of sales tax invoice will attract penalties as well as imprisonment. READ MORE: FBR to collect 3% further tax on supply to inactive taxpayer According to explanation of […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday announced winners of third balloting of invoices issued through Point of Sale (POS) of retailers. According to the FBR, the bumper prize of Rs1,000,000 has been awarded to Nasreen Akhtar on the invoice issued by Save Mart. READ MORE: FBR announces prize winners in second POS […]
KARACHI: Federal Board of Revenue (FBR) has issued procedure for verification of sales tax invoices prepared by Tier-1 retailers. According to FBR officials the following procedure shall be adopted for the verification of sales tax invoices. — Customer visits the counter to pay for his/her shopping. — Counter Boy Prepares the Invoice. — Invoice is […]
KARACHI: Federal Board of Revenue (FBR) has decided to implement online invoice system with shopping store chains across the country from November 01, 2019. The point of sale invoicing system is an online real-time system for documentation of sales tax connects the computerized sales system for large retail stores i.e. Tier-1 retailers to FBR’s system […]