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Business & Finance

FBR issues list of unregistered retailers

  • Asks them to ensure integration with Point of Sale system by August 10
Published August 6, 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of 114 unregistered retailers (Tier-1), who are required to be integrated with the FBR’s Point of Sale (POS) system by August 10, 2022.

In this regard, the authority has issued Sales Tax General Order (STGO) 2 of 2022, here on Friday.

According to the FBR, these 114 identified retailers are still operating out of the documented regime and not depositing collected sales tax from consumers into the national kitty.

FBR issues list of 297 unregistered Tier-1 retailers

Last month, the FBR had issued a list of 101 big retailers (Tier-1), which are required to be integrated with the FBR’s POS system and were denied 60 percent input tax credit in case of non-integration. The number of big retailers (Tier-1) now stood at 113, which are required to be integrated with the POS system. The board has decided to raise sales tax demand against these big retailers (Tier-1), who are still not integrated with the FBR’s POS system by the deadline of August 10, 2022. Upon filing of sales tax return for the month of August 2022 for all hereby notified Tier-I retailers not having integrated, their input tax claim would be disallowed, the FBR warned retailers.

The FBR’s notification stated that in order to operationalise this important provision of law, a system-based approach has been adopted whereby all Tier-I retailers are required to be integrated with the FBR.

The procedure of exclusion from this list of identified Tier-I shall apply as laid down in STGO 17 of 2022 dated May 13, 2022, FBR added.

Copyright Business Recorder, 2022

Comments

1000 characters
Nasir Aug 06, 2022 07:22pm
Govt should take strict action against them. Why not take the action because they are not serious besides blacksheeps are there. The officers of Govt is the another reason.
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Zohaib ali Aug 06, 2022 07:59pm
Why fbr not show their name publically so people can boycott them
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Masroor Sadiq Aug 07, 2022 11:17am
Dear concern Funds are the need of hour. Our country needs funds to run the country. Tax to individuals and companies as per their annual income should be recovered. No one should have exemption on this. FBR and Govt shouldn't give any space to them and should implement it's rit. Further the name of individuals and companies should be published in print media after reasonable notices to them and then forcefully tax procedure should be implemented as per law in practice and tax recovery should be made without further loss of time. We do not foreign aid, foreign loans we need to enhance our tax base. We need to implement rit of state. Finally we need end of corruption Nothing else !! Our future is very bright. We were we are and we will be a great nation.
thumb_up Recommended (0) reply Reply
Masroor Sadiq Aug 07, 2022 11:18am
Dear concern Funds are the need of hour. Our country needs funds to run the country. Tax to individuals and companies as per their annual income should be recovered. No one should have exemption on this. FBR and Govt shouldn't give any space to them and should implement it's rit. Further the name of individuals and companies should be published in print media after reasonable notices to them and then forcefully tax procedure should be implemented as per law in practice and tax recovery should be made without further loss of time. We do not foreign aid, foreign loans we need to enhance our tax base. We need to implement rit of state. Finally we need end of corruption Nothing else !! Our future is very bright. We were we are and we will be a great nation.
thumb_up Recommended (0) reply Reply
Masroor Sadiq Aug 07, 2022 11:21am
Funds are the need of hour. Our country needs funds to run the country. Tax to individuals and companies as per their annual income should be recovered. No one should have exemption on this. FBR and Govt shouldn't give any space to them and should implement it's rit. Further the name of individuals and companies should be published in print media after reasonable notices to them and then forcefully tax procedure should be implemented as per law in practice and tax recovery should be made without further loss of time. We do not foreign aid, foreign loans we need to enhance our tax base. We need to implement rit of state. Finally we need end of corruption Nothing else !! Our future is very bright. We were we are and we will be a great nation.
thumb_up Recommended (0) reply Reply
Muhammad Ali Aug 07, 2022 11:25am
Yes show their names enable us to boycott them.
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Waqas Khalid Aug 07, 2022 06:36pm
5
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