What is Point of Sale (POS) Invoicing System?


  • It is the online real-time system used for documentation of sales which connects FBR’s system to computerized sales system if Tier-1 retailers.
  • There is no need for retailers to purchase any machine to connect to that system as they can get connected by simply downloading an app ‘Tax Asaan App’ on their smartphones.
  • QR code or barcode automatically gets printed on the invoice generated through the sale by the retailer.
  • Customers can easily verify their sales tax payment by Tax Asaan App installed on their smartphones.
  • This system will help retailers in automatic preparation of sales tax returns that will also help them to reduce their expenditures.
  • The use of POS system will also end the periodic inspection on FBR officials.
  • POS system is working successfully at 3824 outlets of 70 top textile and leather brands for over a year.
  • This system has been on all restaurants in Islamabad and all shopping store chains across the country from November 2019.
  • This app is available of all Android and IOS smartphones
Benefits of POS system
  • You can get sales tax discount when you shop from any textile or leather brand outlets that are linked with the POS system
  • You can also verify whether the sales tax you paid is reaching the national exchequer.
For more information, you can visit the FBR official website.
Recommended blogs:
How to become Filer in Pakistan
How to apply for NTN online
How Overseas Pakistani can become tax filer
What are the benefits of being filer in Pakistan?
If you want to see more blogs, visit our website Filer.

Comments

Post a Comment

Popular posts from this blog

How Overseas Pakistani can become tax filer

Image
If you're a citizen of Pakistan residing in an exceedingly foreign country, you may have some queries relating to filing your tax returns. Or even you would like to know if you'll become a tax filer, to start with. Whereas the prospect of handling taxes could appear overwhelming to some, the method through that overseas Pakistanis become tax filers is sort of easy. Before we have a tendency to discuss however Pakistani expats will file tax returns from the comfort of their homes, let’s address a number of common misconceptions and queries you may have. Do Overseas Pakistanis Have to File Taxes? The simple answer is yes, overseas Pakistanis ought to file taxes. However, they're solely taxed on their Pakistan-sourced income. Taxation in Pakistan, very like in different countries, relies on an individual’s residential status rather than their position. Previously, someone was thought-about a tax resident if they keep within the country for a period of 183 days (or lo
Read more

FBR notifies rules to launch authorized economic operator program

  ISLAMABAD: Federal Board of Revenue (FBR) has notified rules to launch Authorized Economic Operator (AEO) program to improve trade and business environment in the country. The AEO was launched by inserting Section 212A was inserted in the Customs Act, 1969 through the Finance Act, 2018. The FBR now issued AEO rules vide SRO 798 (I) /2020 dated August 28, 2020. FBR has also constituted AEO Approval Committee in this regard which is finalizing the request of applicants. Software for business process and WeBOC modules for AEO programme has already been developed and is ready for launch at present. The FBR intend to start Pilot project of the AEO programme at MCC Port Qasim (Exports) Karachi in October, 2020, which will be later on extended to import sector as well. The World Customs Organization’s (WCO) Authorized Economic Operator (AEO) Programme is one of the pillars of WCO’s Framework of Standards to secure and facilitate trade (SAFE). The programme is widely acknowledged as a key dr
Read more

Is CNIC and NTN number are same?

Image
No, the CNIC and NTN numbers are two different numbers. The CNIC is a 13-digit number that consists of the first three parts of a five-part section that gives different demographic information and the second part is his family number and the last part represents your gender group. But the NTN number is completely different this number has two digits and is 8 digits. The NTN number is generated sequentially. CNIC and NTN have been different numbers but the FBR has announced that from the 2018-18 financial year they will both be equal. The announcement to include in the CNIC as NTN figures in effect from the last fiscal year 2018 - 19, the Federal Board of Revenue (FBR) are all set to use the details of companies to extend the tax base, it is read. The Federal Board of Revenue has said NADRA has issued CNIC numbers to NTN (National Tax Number) for all Pakistanis and anyone who submits tax forms can use their CNIC instead of NTN issued by Fbr. Please check blogs for more informatio
Read more