Islamabad: According to press reports, the Federal Board of Revenue (FBR) has set a deadline for Tier-1 shops to register with the agency. Failure to register will prohibit merchants from getting a 60 percent credit for input tax on filing their July sales tax return. According to the information provided, the deadline for non-integrated merchants to register is August 15.

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With the issue of Sales Tax General Order No. 1 of 2022, the FBR has begun an integration push of Tier-1 merchants. From August 1, a system-based approach will be used for the integration of non-integrated Tier-1 merchants under this directive.

Furthermore, the FBR has posted a list of non-integrated shops on its website, however Tier-1 merchants that do not come under the definition of Tier-1 retailers in Section 2(43A) of the Sales Tax Act, 1990, can appeal to the commissioner to be removed from the list by August 10.

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Furthermore, the list will be updated on a monthly basis, according to reports. Non-integrated Tier-1 merchants will be defined as all taxpayers on the list, and they will be denied input tax credit until they register with the authorities.

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