Sales Tax Increase from 17 % to 18 %

 

Finance division has issued notification to increase sales tax in Pakistan from 17% to 18%. The standard rate of sales tax has been increased from 17% to 18% through SRO 179(I)/2023 dated February 14, 2023. The amendment through SRO 179 is not applicable on goods subject to sales tax at retail price as specified in the Third Schedule to the Sales Tax Act, 1990. 

All FBR POS integrated retailers have been upgraded to new tax bracket accordingly.

PRA EIMS - Punjab Revenue Authority EIMS Integration (PRA POS)

 

PRA Pos Invoicing system is an online real-time point of sales system which connects and reports the sales and returns of retailers with Punjab Revenue Authority Electronic Invoice Monitoring System

 for computerized sales tax system through internet. A barcode or QR code automatically gets printed on the invoice generated through a sale or return by the retailers. This system helps retailers in automatic preparation of sales tax returns and thereby reducing their expenditure. This system has been running successfully by many retail outlets all over the country.

PRA POS - Punjab Revenue Authority EIMS Integration

Following categories are required to be integrated:

• 1. Services provided or rendered by restaurants located in Hotels.
• 2. Services provided or rendered by International restaurants who are franchises or franchisees.
• 3. Services provided or rendered by restaurants having more than one branch in Sindh.
• 4. Services provided or rendered by restaurants outlets located in air-conditioned shopping malls.
• 5. Services provided by restaurants through an online marketplace platform.
• 6. Services provided by the restaurants whose turnover during the immediately preceding twelve tax periods exceeded rupees ten million.

PRA POS Invoicing System (Modules)

• Sales integration with PRA_{(Support sales of Schedule 3 Items)}
• Returns integration with PRA _{(Supports returns of Schedule 3 Items)}
• Inventory Management (Products, Variants, Purchases, Suppliers, Brands, Categories, Stock Adjustments, Tax Brackets)
• Customers Management
• Reports (15+ different reports to help you manage and organize your day today business).

PRA POS Invoicing System (Cost)

• Free Setup and Installation on your hardware. (* Hardware requirement : PC/Laptop with Internet Connection and printer).
• Monthly recurring cost of 1000 Rs / Month Only.
• No Extra or Hidden charges for additional users, billers, Number of products, Warehouses etc.

PRA POS Invoicing System – Misc Features

• Point of Sale Software Integrated with PRA following requirements as set in PRA EIMS Integration technical documentation.
• Printing of PRA Fiscal invoice number and QR Code on sale receipt.
• Multi-Branch / Multi Store Support.
• Discounts Support.
• Barcode Support.
• Simple User friendly Interface.
• Support For URDU Language and RTL Printing.
• Supports Barcode Scanner, barcode label printer, Receipt or Thermal Printer (Printer with ESC/POS commands)
• Supports Integration with Punjab Revenue Authority (PRA EIMS Integration)
• Supports Integration with Sindh Revenue Board (SRB POS Integration)
• Supports Integration with Khyber Pakhtunkhwa Revenue Authority (KPRA POS)
• Special Setup for Showrooms & Workshops to charge separate taxes for parts and services.
• Special setup for Hotels to charge separate taxes for Room rent, bed tax, room services, food and services.
• POS FBR dual Integration with FBR and PRA, SRB or KPRA – possible to submit separate taxes on goods and services separately to multiple TAX authorities.
• Customer training and after sale support on telephone and whatsapp.
• Remote Installation with in 2 – 3 Hrs for all over Pakistan.

SRB POS - Sindh Revenue Board POS Integration

 

Srb Pos Invoicing system is an online real-time point of sales system which connects and reports the sales and returns of retailers with SRB’s computerized sales tax system through internet. A barcode or QR code automatically gets printed on the invoice generated through a sale or return by the retailers. This system helps retailers in automatic preparation of sales tax returns and thereby reducing their expenditure. This system has been running successfully by many retail outlets all over the country.

SRB POS - Sindh Revenue Board POS Integration

Following categories are required to be integrated:

• 1. Services provided or rendered by restaurants located in Hotels.
• 2. Services provided or rendered by International restaurants who are franchises or franchisees.
• 3. Services provided or rendered by restaurants having more than one branch in Sindh.
• 4. Services provided or rendered by restaurants outlets located in air-conditioned shopping malls.
• 5. Services provided by restaurants through an online marketplace platform.
• 6. Services provided by the restaurants whose turnover during the immediately preceding twelve tax periods exceeded rupees ten million.

The rate of Sindh Sales Tax for the SRB PoS integrated restaurants will be 13%.

SRB POS Invoicing System (Modules)

• Sales integration with SRB_{(Support sales of Schedule 3 Items)}
• Returns integration with SRB _{(Supports returns of Schedule 3 Items)}
• Inventory Management (Products, Variants, Purchases, Suppliers, Brands, Categories, Stock Adjustments, Tax Brackets)
• Customers Management
• Reports (15+ different reports to help you manage and organize your day today business).

SRB POS Invoicing System (Cost)

• Free Setup and Installation on your hardware. (* Hardware requirement : PC/Laptop with Internet Connection and printer).
• Monthly recurring cost of 1000 Rs / Month Only.
• No Extra or Hidden charges for additional users, billers, Number of products, Warehouses etc.

SRB POS Invoicing System – Misc Features

• Point of Sale Software Integrated with SRB following requirements as seti n SRB POS Integration technical documentation.
• Printing of SRB Fiscal invoice number and QR Code on sale receipt.
• Multi-Branch / Multi Store Support.
• Discounts Support.
• Barcode Support.
• Simple User friendly Interface.
• Support For URDU Language and RTL Printing.
• Supports Barcode Scanner, barcode label printer, Receipt or Thermal Printer (Printer with ESC/POS commands)
• Supports Integration with Punjab Revenue Authority (PRA POS Integration)
• Supports Integration with Sindh Revenue Board (SRB POS Integration)
• Supports Integration with Khyber Pakhtunkhwa Revenue Authority (KPRA POS)
• Special Setup for Showrooms & Workshops to charge separate taxes for parts and services.
• Special setup for Hotels to charge separate taxes for Room rent, bed tax, room services, food and services.
• POS FBR dual Integration with FBR and PRA, SRB or KPRA – possible to submit separate taxes on goods and services separately to multiple TAX authorities.
• Customer training and after sale support on telephone and whatsapp.
• Remote Installation with in 2 – 3 Hrs for all over Pakistan.

12 New Categories Added to Tier 1 Retailers for FBR POS invoicing System

 According to the rule, 12 new categories have been included in the list of retailers on Tier 1 including the 

• big restaurants 
• hotels, motels
• guest houses
• marriage halls
• marquees
• clubs
• courier services
• cargo service
• big beauty parlors
• medical practitioners and consultants
• accountants
• photographers
• hospitals or medical care centers providing medical consultation, hospitalization or other ancillary services, etc.
• foreign exchange dealers

According to the new SRO 50, all foreign exchange dealers and companies have been added to the list of businesses that have to install POS on their sale points.

According to the draft, prepared by the tax collection authority, some amendments have been suggested in Rule 33G, in Schedule 1, which is related to the integration of retailers with the FBR POS Invoicing system. Rule 33G says, “the Federal Board of Revenue shall ensure to provide a facility on its website to a customer of an integrated enterprise Person to verify and ensure that the invoice or bill issued to him has been duly communicated to the Board’s Computerized System and in case of non-verification, he may upload the image of invoice or bill to the Board’s portal.”

Spokesman FBR confirmed that around 2,250 retailers had so far been integrated with the FBR POS system. He said around 11,000 outlets of retailers of Tier-1 had been integrated with the POS system, adding that a total of 16,000 cash counters were also integrated with the POS system.