Islamabad: The Federal Board of Revenue (FBR) has announced a new prize scheme aimed at encouraging customers to report unverified invoices issued by Tier-1 retailers. This update is based on an article released on September 27.
This initiative is part of FBR’s ongoing efforts to improve tax compliance and transparency within the retail sector. The scheme, outlined in SRO 1513(I)/2024, amends the Sales Tax Rules, 2006. Under the program, customers who report unverified invoices issued by integrated Tier-1 retailers will be eligible for prizes. The total prize amount and the distribution of prizes will be determined by the FBR.
Customers who discover unverified invoices can report them via the designated FBR mobile application or WhatsApp number. To be eligible for the prize, the customer must provide several details, including their name, CNIC, mobile number, IBAN, proof of digital payment, a picture of the unverified invoice, and a GPS-tagged image of the business premises that issued the invoice.
Failure to provide proof of digital payment will disqualify the customer from claiming any prizes, according to the FBR.
Once a report is submitted, an alert will be generated in the IRIS system for the Commissioner of Inland Revenue, who will authenticate the unverified invoice. The Commissioner will also take any necessary actions under the relevant provisions of the Sales Tax Act. The FBR also noted that any inaccuracies or incomplete information provided by the customer could delay the prize disbursement, with the responsibility for such delays falling on the customer.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
