Integration with the FBRs accredited/licenced systems: ST registered persons directed to obtain licences

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all sales tax registered persons including tier-I retailers to obtain licenses for carrying out integration with the Boards accredited/licensed systems.

The FBR has issued SRO 1788(I) of 2023 to amend Sales Tax Rules 2006 here on Monday.

According to the FBR, 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 integrated with the Board through the system accredited and licensed by the Board.

Member Digital Initiatives shall be the convener of the licensing committee, FBR said.

The licensing committee shall recommend or reject an application within fifteen days of date of submission of the application, specifying reasons for recommending or rejection of any application under these rules.

The licensing committee shall grant the license to the recommended companies with the approval of member digital initiatives and shall publish list of licensees.

The Member Digital Initiatives shall be responsible for overall supervision of the system and the steps taken to address problems encountered during operation of the system, FBR added.

Copyright Business Recorder, 2023