ANL 12.55 Decreased By ▼ -0.59 (-4.49%)
ASC 12.21 Decreased By ▼ -0.09 (-0.73%)
ASL 13.28 Decreased By ▼ -0.16 (-1.19%)
BOP 8.55 Increased By ▲ 0.14 (1.66%)
BYCO 5.90 Decreased By ▼ -0.10 (-1.67%)
FCCL 17.52 Decreased By ▼ -0.33 (-1.85%)
FFBL 23.80 Decreased By ▼ -0.31 (-1.29%)
FFL 10.01 Decreased By ▼ -0.14 (-1.38%)
FNEL 9.23 Decreased By ▼ -0.29 (-3.05%)
GGGL 14.74 Increased By ▲ 0.64 (4.54%)
GGL 26.36 Increased By ▲ 0.20 (0.76%)
HUMNL 5.85 Increased By ▲ 0.11 (1.92%)
JSCL 15.00 No Change ▼ 0.00 (0%)
KAPCO 31.40 Increased By ▲ 0.15 (0.48%)
KEL 3.32 Decreased By ▼ -0.05 (-1.48%)
MDTL 2.08 Decreased By ▼ -0.02 (-0.95%)
MLCF 32.44 Decreased By ▼ -1.16 (-3.45%)
NETSOL 94.68 Increased By ▲ 3.73 (4.1%)
PACE 4.05 Decreased By ▼ -0.10 (-2.41%)
PAEL 21.00 Increased By ▲ 0.30 (1.45%)
PIBTL 7.35 Decreased By ▼ -0.05 (-0.68%)
POWER 6.25 Decreased By ▼ -0.19 (-2.95%)
PRL 12.29 Increased By ▲ 0.13 (1.07%)
PTC 8.62 Decreased By ▼ -0.06 (-0.69%)
SILK 1.19 No Change ▼ 0.00 (0%)
SNGP 37.84 Increased By ▲ 0.04 (0.11%)
TELE 15.55 Increased By ▲ 1.20 (8.36%)
TRG 93.71 Increased By ▲ 6.53 (7.49%)
UNITY 22.98 Increased By ▲ 1.02 (4.64%)
WTL 2.07 Increased By ▲ 0.04 (1.97%)
BR100 4,487 Increased By ▲ 14.3 (0.32%)
BR30 17,781 Increased By ▲ 186.4 (1.06%)
KSE100 43,847 Decreased By ▼ -6.6 (-0.02%)
KSE30 17,049 Increased By ▲ 43.7 (0.26%)

Coronavirus
LOW
Source: covid.gov.pk
Pakistan Deaths
28,793
924hr
Pakistan Cases
1,287,703
31024hr
Sindh
477,119
Punjab
443,610
Balochistan
33,514
Islamabad
107,989
KPK
180,471

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to grant licence for installation, configuration and integration of point of sale (POS) machines installed at retail outlets.

The FBR has issued an SRO 1063(1)/2021 to amend Sales Tax Rules, 2006, here on Wednesday.

A licencee shall have the right to install, configure, integrate, operate and maintain the POS on real-time basis in accordance with conditions of the licence issued to him.

The licencee shall be responsible for post-deployment maintenance of POS as detailed below: setting up and maintenance of all information technology equipment connected to POSs; and the licencee shall be authorised to upgrade of the system hardware and software; all bug fixes; and immediate response to trouble shooting of any post deployment problems for uninterrupted working of the system.

The licencee shall be responsible for safe and secure capture of real-time transmission of sales data from the retails outlet to the FBR database at all times.

According to the rules, project director Retail Monitoring Cell shall be the convener of the licencing committee located at the FBR House, Islamabad.

The Board shall provide secretarial and other allied support for functioning of the licencing committee.

The FBR said that no person shall carry out integration of the retailers through software unless he had obtained a licence under these rules.

No licencee under these rules shall maintain or operate system or provide any other service, which is not authorised under these rules.

Every payment counter whether fixed or portable and generates invoices for receipt of payment either in cash or through debit or credit card shall be connected.

Every licencee shall be bound to integrate the payment counter in the prescribed manner, the FBR added.

On receipt of application for grant of licence in the Board, the licencing committee shall scrutinise the document provided and it shall evaluate the eligibility of the applicant within seven days of receipt of application.

The licencing committee may also carry out visits, if necessary for physical inspection to ascertain the eligibility of the applicant for licensing under these rules.

The licensing committee shall send its recommendations to the Member (IR—Operations) and the Director General Retail within 10 days of date of submission of the application, specifying reasons for recommending or rejection of any application under these rules.

In case, the companies meet the criteria under these rules, the licencing committee shall make recommendations for grant of licences.

The licencing committee shall grant the licence to the recommended companies with the prior approval of Member (IR—Operations) and Director General Retail, the FBR added.

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.