Karachi: The Federal Board of Revenue (FBR) introduced an online system to document sales that will connect big retailers’ sales system to FBR’s system via the internet, according to news published on Tuesday (October 5).
As per the details, Chief Commissioner Medium Taxpayers Office Abdul Hameed Memon stated that retailers will not have to buy new machines to use this system. The retailers will just have to download an app from FBR’s website and add it to the existing machines.
It was mentioned that when a retailer makes a sale, a printable QR code or barcode will be generated automatically. Additionally, this Point of Sale (PoS) invoice reporting system features an automatic preparation of sales tax returns, which will reduce the expenditure of retailers.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
