ISLAMABAD: Finance Act’s 2026 new condition of issuing (advance receipt invoice) verifiable and unique Federal Board of Revenue’s (FBR) invoice number by the taxpayers shall be applicable from the date as notified by the Board.
Under the updated Federal Excise Act, a person registered under Excise Act shall issue for each transaction an invoice including an advance receipt invoice, bearing a verifiable and unique FBR invoice number at the time of clearance or sale of goods including goods chargeable to duty at the rate of zero percent or providing or rendering services containing the following particulars in Urdu or English language, namely:-
(i) name, address and registration number of the seller; (ii) name, address and registration number of the buyer; (iii) date of issue of the invoice; (iv) description and quantity of goods or as the case may be, description of services; (v) value exclusive of excise duty; (vi) amount of excise duty; and (vii) value inclusive of excise duty.
Provided that the Board may notify any person or class of persons who may be allowed to issue an advance receipt invoice under the notified system: The condition of verifiable and unique FBR invoice number shall be applicable from a time as notified by the Board, Finance Act 2026 added.
Copyright Business Recorder, 2026
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