FBR Orders Installation Of Electronic Devices At Chain Stores, Shopping Malls, Restaurants

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FBR Orders Installation Of Electronic Devices At Chain Stores, Shopping Malls, Restaurants
The devices will have a computerized software of FBR which will be attached to cash machines, and the customers will be able to check whether or not the tax amount was paid to FBR.
By MISHAL ALI Last updated OCT 11, 2019
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The Federal Board of Revenue (FBR) has ordered for installation of Electronic Device System at all big chain stores, shopping malls, restaurants, cafes, coffee shops, eateries, snack bars and hotels from 1st December 2019.

The devices will have a computerized software of FBR which will be attached to cash machines, and the customers will be able to check whether or not the tax amount was paid to FBR. The POS (Point Of Sale) will be connected directly to FBR through this system.

“Yes, we have issued rules to amend sales tax rules 2006 aimed at installing Electronic Device System at 20,000 chain stores, shopping malls and others at the point of sale to bring them into tax net till June 30, 2020. This new system will become applicable with effect from December 1, 2019. Then we will go to bring hospitals and laboratories into this system,” – said Dr. Hamid Ateeq Sarwar, the FBR’s Member Policy and Spokesman, while speaking to media.

Starting from 1st December, all Tier-I retailers shall update their retail outlets with the computerized system for real-time reporting of sales, in the prescribed manner.
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Oct 11, 2019
Rates of the finished fabric and locally manufactured finished articles of textile and textile made-ups and leather and artificial leather will be reduced, due to the conditions. The retail supplies of the goods shall be in order with the standard rate as prescribed if they are made from retail outlets, which aren’t integrated in the manner prescribed by FBR.

Anyone who meddles with the system will not be eligible for the reduced rate, if applicable any other way, and input tax shall be decreased, as per FBR.

FBR introduced the ‘Electronic Invoice System’ for all megastores and coffee shops in malls and ordered them to install electronic device/software and register their POS with FBR’s computerized system.

FBR issues a notification to amend the sales tax rules 2006:
On Thursday, FBR issued a notification to amend the sales tax rules 2006. The board directed all ‘Tier-I’ category retailers to make its computerized system a part of their retail outlets for real-time reporting of the sales they make.

Tier-I retailers include a retailer working as a unit of a national or international store chain, retailer working in an air-conditioned shopping mall, plaza or center, excluding booths, etc., a retailer whose electricity bill during 12 consecutive months is more than Rs. 600,000, wholesaler-cum-retailer, having bulk in imports and supplying consumer goods on a wholesale basis to retailers as well as on retail basis to general consumers and a retailer whose shop is located at 1000 square feet area or more.

Under this system, the registered person, defined in rule 150ZA, shall install the electronic device and software, as approved by FBR. The detail is available on its website with complete instructions for integration, configuration, and installation.

Rule 150ZA is applicable to any registered persons being cafes, eateries, snack bars, and hotels etc. having any business of this nature, for tracking and monitoring taxable activities.

Rules 150ZEB, 150ZEC, and 150ZEB shall be applied to sales made from each registered branch for recording sales, components and features of FED, and functionalities of POS, etc.

What are your views on this? Share with us in the comments bar below.

 

[Kabira]

What are your views on this? Share with us in the comments bar below.

Better late then never.

 

[Azadkashmir]

baas khao piyu ash karoo. taxes and taxes and taxes - loans taken out by elites and the rest of pak civilian mazdurr have to be tapped like tick sucking blood.
Nation only themself to blame.

 

[Kompromat]

It should be implemented down to Mohalla shop level across the country.

 

[Hiraa]

Good work

 

[Hakikat ve Hikmet]

Vallahi Billahi this "accountant" is after all the "un-written/documented" journals, ledgers, balance sheets etc...

"You need a forgiving priest and a clever accountant in your life" - a line from the movie, Schindler's List

 

[Shahzaz ud din]

Large retailers asked to link invoicing systems with FBR by Dec 1
By
Monitoring Report
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October 11, 2019
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KARACHI: The Federal Board of Revenue (FBR) on Thursday asked the big retailers to ensure installation of its point-of-sale invoicing app into their systems by December 1 to report turnover with the tax authority on real-time basis.

If the retailers fail to link their systems with the FBR, they would not be entitled to the reduced 14% sales tax, according to the FBR’s notification.

The FBR, in a statutory regulatory order (SRO), made it mandatory for tier-1 retailers to provide real-time reporting of their sales to the tax authority from December 1, 2019. The revenue body issued the SRO (1203(I)/2019) to amend Sales Tax Rules 2006 in order to make integration of sales app mandatory for the retailers to facilitate tax payment.

Tier-I retailers comprise those that operate a unit of a national or international chain of stores; retailers operating in an air-conditioned shopping mall, plaza or centre, excluding kiosks; retailers whose cumulative electricity bill during the immediately preceding 12 consecutive months exceeds Rs600,000; and wholesalers-cum-retailers engaged in bulk import and supply of consumer goods on a wholesale basis to the retailers as well as on a retail basis to the general body of consumers.

FBR previously said retailers don’t need to purchase any new machine to get linked with this system. “They can get linked by simply downloading an application in their existing machines,” the revenue body said in an advertisement on POS invoicing system.

“We have only targeted those retailers who are doing business with store chains or in big malls,” said FBR Inland Revenue Member Dr Hamid Atiq Sarwar.

He said the FBR would no longer stick to the 1,000 square feet definition of big retailers as sales of some business, located in small-sized shops, were in millions of rupees.

The FBR further said the system has already been running for over a year in around 4,000 outlets of 70 famous top textile and leather brands.