Tier-1 retailers' outlets: Deadline for online integration with FBR extended till 15th

The Federal Board of Revenue (FBR) has condoned time limit up to December 15, 2019 for online integration of Tier-1 retailers' outlets with the Board's computerized system for real-time reporting of sales.

The FBR has issued instructions to the field formations Thursday.

A tax expert said that all Tier-1 retailers as defined under section 2(43A) of the ST Act, 1990, read with section 3(9A), are required to integrate their Point of Sale (POS)/Retail outlets with FBR's Computerized System for real-time reporting of their sales with effect from December 1, 2019.

Now, the FBR has issued a circular letter, wherein the FBR has extended the time limit till December 15, 2019 for online integration of Tier-1 retailers' outlets with FBR's computerized system for real-time reporting of sales, he added.