FBR decides action against retailers for avoiding mandatory integration

 In this regard FBR on Tuesday directed retailers, who are required to combine their sales and purchases under the Sales Tax Act, 1990, in order to link their invoice plan by August 31, 2020.


FBR explained that all retailers with a network of chain stores throughout Pakistan, work in supermarkets or pockets and additional electricity bills for twelve consecutive months exceeding twelve hundred rupees and engaging in bulk import and supply of good value to retailers and in the sale of buyers and the size of their store calculated thousands of square meters in area or more must cover their sales areas through the FBR commission reporting system for real-time sales.


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 rand and if the case continues, the business premises of the sellers will be sealed.

Orignal Source: https://pkrevenue.com/fbr-decides-action-against-retailers-for-avoiding-mandatory-integration/


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