FBR announced deadline for retail stores to register with point of sale (POS) System to avoid heavy fines and this system will assist to end periodic assessments by the Federal Board of Revenue. It will also help retailers to prepare monthly sales tax returns without much hassle. When You downloads POS Invoicing System, it will print a bar code on acknowledgement receipt generated by the FBR. This POS system will upload the invoice data on the FBR’s servers at the same time on a regular basis.
FBR warns major retailers to connect to point of sale system (POS) of FBR by August 31. All major retailers with chain stores and running businesses in air-conditioned shopping malls across the country…..To READ MORE (CLICK HERE).