What is FBR POS Invoicing System – English & Urdu?

BusinessWhat is FBR POS Invoicing System – English & Urdu?

The Federal Board of Revenue (FBR) launched the Real-Time Point of Sale (POS) Invoicing System with effect from December 15, 2019 to integrate major retail outlets across Pakistan with the FBR system.

What is POS Invoicing System?

  • An online real-time system for documentation of sales that connects computerized sales system of Tier-1 retailers to FBR’s system through internet.
  • Retailers do not need to purchase any new machine to get linked with this system.
  • They can get linked by simply downloading an application in their existing machines.
  • A barcode or QR code automatically get printed on the invoice generated through a sales by the retailer.
  • Customers can verify the sales tax payment through the Tax Asaan App.
  • The system helps retailers in automatic preparation of sales tax returns and thereby reducing their expenditure.
  • Adopting the POS invoicing system will end periodic inspections by FBR officials.
  • The System has been running successfully for over a year at 3824 outlets of 70 famous top textile and leather brands.
  • From November 1, 2019, the system will be implemented for restaurants in Islamabad and all shopping stores chains across the Country.

Benefit for Customers

  • Sales Tax discount when you shop from textile and leather brand outlets linked with POS Invoicing System.
  • You can verify whether the sales tax you pay is reaching the national exchequer

How to verify sales tax payment through Tax Asaan App

  • Open Tax Asaan App
  • Go to Online Verification System
  • Go to POS Invoice
  • Scan the QR/barcode or number on invoice to verify
Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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