ISLAMABAD, Pakistan: The Federal Board of Revenue (FBR) has strongly rebutted the malicious disinformation campaign being spread on social media against the proposed Service Charge at Rs 1 to be collected on all invoices issued by Tier-1 Retailers integrated with FBR’s electronic system of real-time reporting of sales.
In a statement on Saturday, the FBR said that it is being insinuated as if the rate of the Service Charge is 1 percent instead of Rs 1 per invoice only.
“This is completely baseless and untrue,” it said.
The FBR said that the nominal Service Charge at Rs 1 per invoice of whatever denomination, would be collected under section 76 of the Sales Tax Act, 1990, and utilized to promote the integration of all Tier-1 Retailers, launch publicity campaign, and finance a special prize scheme for all customers who duly verify their invoices to determine the validity and genuineness of the invoices issued by the integrated Tier-1 Retailers.
The FBR said that the malicious campaign appears to have been initiated by the vested interests who oppose the Point of Sales (POS) integration, and those who continue to collect Sales Tax from the general public but do not deposit it with the government treasury.
The Federal Board of Revenue re-affirmed its resolve to continue integrating Tier-1 Retailers across the Country with vigor.
This post was last modified on September 4, 2021 7:06 pm
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