Islamabad: According to news released on Tuesday, the Federal Board of Revenue (FBR) created an online system to register sales that will connect big merchants’ sales systems to the FBR’s system over the internet (October 5).
According to the specifics, retailers will not need to purchase new machinery to use this system, according to Chief Commissioner Medium Taxpayers Office Abdul Hameed Memon. Retailers need to download an app from FBR’s website and install it on their existing equipment.
When a store makes a sale, a printable QR code or barcode is generated automatically, according to the article. Additionally, this Point of Sale (PoS) invoice reporting system includes automatic sales tax return preparation, which will save retailers money. Customers can also use the Tax Asaan App to confirm that sales tax has been paid and that sales have been reported to the FBR.