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.
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