Islamabad: The Federal Board of Revenue (FBR) announced an extension in the deadline for tier-1 retailers to integrate Point of Sales (POS) system with the board’s central online platform – in view of the novel coronavirus outbreak in the country, according to news sources.
The previously communicated
deadline for big retailers to install the said system was March 30, which has
now been extended to April 30. The initial deadline given to the tier-1
retailers was December 15, 2019.
After the spread of CODI-19 pandemic, the government implemented a partial lockdown under which all major shopping malls were closed for operation. In most domestic markets, the only shops still operating are grocery, fruit/vegetable, and pharmacies.
The official notification issued
by the authority stated that the tier-1 retailers will send a written
willingness to integrate their POS to their regional tax officers (RTOs) and
Large Taxpayer Units (LTUs) until April 20 to avail this extension.
Furthermore, the FBR has also
delayed its decision to extend the scope of POS to pharmacies and hospitals
across the country.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
