Tier-I Archives - Page 4 of 6

FBR issues list of 608 Tier-1 non-compliant retailers

November 5, 2021November 5, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued a list of 608 Tier-1 retailers, who are not integrated with the online system for sharing sales. The FBR issued Sales Tax General Order No. 4 of 2022 to display the list of non-compliant Tier-1 retailers and creating tax demand against them. The FBR said that […]

POS installation offers reduced tax rates: LTO Karachi

October 6, 2021October 6, 2021Mrs. Anjum Shahnawaz

KARACHI: Officials of Large Taxpayers Office (LTO) Karachi have apprised the business community that installation of Point of Sale (POS) offered reduced rate of sales tax. A team of tax officials from Large Tax Office (LTO) Karachi visited Pakistan Business Council (PBC) on Wednesday to discuss the integration of Tier-1 retailers, a statement said on […]

KTBA suggests measures for successful POS integration

October 2, 2021October 2, 2021Faisal Shahnawaz

KARACHI: Karachi Tax Bar Association (KTBA) on Friday suggested measures for successful integration of Point of Sales (POS). One of the suggestions included that the Federal Board of Revenue (FBR) should launch a mass scale awareness program for integration in order to avoid resistance from the business community. KTBA President Muhammad Zeeshan Merchant said that […]

FBR imposes service charges on POS invoices

October 1, 2021January 6, 2024Hamza Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Friday imposed service charges on invoices issued through Point of Sales (POS) that are integrated with the FBR system.

FBR to stop gas, electricity of unregistered persons

September 20, 2021January 7, 2024Faisal Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to discontinue gas and electricity connections of any person who is making taxable supplies but not registered for sales tax.

Process of IT licensing for Tier-1 retailers to take time

September 7, 2021May 27, 2026Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that the process of licensing the IT Service Providers for integration of Tier-1 retailers will take time.

Tier-1 retailers given deadline for integration

September 6, 2021January 5, 2024Hamza Shahnawaz

The Federal Board of Revenue (FBR) has issued a directive to Tier-1 retailers, urging them to integrate with the FBR’s Point of Sale (POS) System by the stipulated deadline to avoid the denial of input tax credit.

POS retailers to collect Re1 as service charge: FBR

September 5, 2021September 5, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has said that only one rupee will be collected by retailers of Point of Sale (POS) as service charge on the total amount of each invoice. The FBR strongly rebutted the malicious disinformation campaign being spread on social media against the proposed Service Charge of Re1 to be collected […]

IREN empowered petrol retail outlets to check evasion

August 25, 2021August 25, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday authorized Inland Revenue Enforcement Network (IREN) to petrol the retail outlets to check sales tax evasion. The FBR issued SRO 1063(I)/2021 to amend Sales Tax Rules, 2006. Through the rules, the FBR established IREN and authorized the body to check and verify any of the eventualities. […]

Retailers to collect invoice fee from customers

August 17, 2021December 18, 2023Faisal Shahnawaz

KARACHI: The Tier-1 retailers will collect one rupee from customers against issuance of invoice from their point of sale (POS) machine.

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