{"id":55973,"date":"2019-10-04T17:51:47","date_gmt":"2019-10-04T12:51:47","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55973"},"modified":"2019-10-04T17:51:47","modified_gmt":"2019-10-04T12:51:47","slug":"fbr-reveals-details-of-its-pos-invoicing-system","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-reveals-details-of-its-pos-invoicing-system.html","title":{"rendered":"FBR reveals details of its POS Invoicing System"},"content":{"rendered":"<p>Lahore: The Federal Board of Revenue revealed the details of its <a href=\"https:\/\/www.zameen.com\/news\/fbr-broaden-tax-base-mega-retailers-using-pos-system.html\" target=\"_blank\" rel=\"noopener noreferrer\">Point of Sale Invoicing System<\/a> in a publication on Friday.<\/p>\n<p>This is a part of the government\u2019s efforts to automate and digitise the taxation system. According to the shared details, the POS system is an online real-time system for documentation of sales that connects the computerised sales system of Tier-1 retailers to FBR\u2019s system through the internet.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-schemes-bring-retailers-into-tax-net.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR proposes schemes to bring retailers into tax net<\/a><\/p>\n<p>The retailers do not need to purchase any new machines to get linked with this system. They can get linked through an app.<\/p>\n<p>A QR code will automatically get printed on an invoice generated through a sale by the retailer. The customers will be able to verify the payment of sales tax through the Tax Asaan App.<\/p>\n<p>To incentivise the retailers, the publication said that adopting the POS system will end period inspections by FBR officials.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-talks-with-marble-industry-impose-17-tax.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR in talks with marble industry to impose 17% tax<\/a><\/p>\n<p>The system has already been tested in the outlets of 70 famous textile and leather brands. It will be implemented for restaurants in Islamabad and all shopping store chains across the country from November 1, 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Federal Board of Revenue revealed the details of its Point of Sale Invoicing System in a publication on Friday. This is a part of the government\u2019s efforts to automate and digitise the taxation system. According to the shared details, the POS system is an online real-time system for documentation of sales that connects the computerised sales system of Tier-1 retailers to FBR\u2019s system through the internet. Read:\u00a0FBR proposes schemes to bring retailers into tax net The retailers do not need to purchase any new machines to get linked with this system. They can get linked through an app. A QR code will automatically get printed on an invoice generated through a sale by the retailer. The customers will be able to verify the payment of sales tax through the Tax Asaan App. To incentivise the retailers, the publication said that adopting the POS system will end period inspections by FBR officials. Read:\u00a0FBR in talks with marble industry to impose 17% tax The system has already been tested in the outlets of 70 famous textile and leather brands. It will be implemented for restaurants in Islamabad and all shopping store chains across the country from November 1, 2019.<\/p>\n","protected":false},"author":57,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13299],"persona":[],"class_list":{"0":"post-55973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-fbr-reveals-details-of-its-pos-invoicing-system"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR reveals details of its POS Invoicing System - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Federal Board of Revenue revealed the details of its Point of Sale Invoicing System in a publication on Friday. 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