FBR takes action against retailers for avoiding POS integration



In such a manner FBR on Tuesday coordinated retailers, who are needed to consolidate their deals and buys under the Sales Tax Act, 1990, to interface their receipt plan by August 31, 2020.

FBR clarified that all retailers with an organization of corporate retailers all through Pakistan, work in general stores or pockets and extra power bills for twelve continuous months surpassing twelve hundred rupees and participating in mass import and supply of good worth to retailers and in the offer of purchasers and the size of their store determined a large number of square meters in the region or more should cover their business regions through the FBR commission announcing the framework for ongoing deals.

 

The FBR has warned that the last date for consolidation is August 31, 2020, after which those who fail to consolidate will be fined one million rupees and if the case continues, the business premises of the sellers will be sealed.


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