ISLAMABAD: The Federal Board of Revenue (FBR) issued a set of information that is required on the printed invoice issued through a Point of Sale (POS) machine to make it valid for tax purposes.
The Federal Board of Revenue (FBR) issued an SRO 1006 (I)/2021, directing the big retailers to comply with the guidelines for making the issued invoice a valid receipt.
The following information inter-alia is required to be clearly printed on every invoice issued through all POS systems integrated with the FBR:
Business information: The business name or brand name; complete address of the business location; FBR’s Sales Tax Registration Number (STRN) and the National Tax Number (NTN); name of the tax office/formation, the business is registered at; and unique POS registration number.
Invoice details: Unique sequential invoice number; date and time of sale; mode of payment (cash, credit or debit card, cheque or gift vouchers); and optional for business-to-business (B2B): name of the buyer/customer/service recipient. (Name is recorded when the customer is liable for the tax or credit or invoice value is above Rs100,000).
Transaction details: The item-wise description of goods or services and (unit) price exclusive of tax; tax rate for each item (item-wise breakdown of the tax rate. Apply zero per cent if an item is exempted); the item-wise quantity of goods; tax amount; total sale value; tax charged on the invoice; discounts, if any; POS service fee of Re1/invoice; total payable amount; and the total received amount.
FBR details: The FBR’s fiscal invoice number (XXXXXX-DDMMYYHHMMSS-0001); logo of FBR’s POS invoicing system; verifiable QR code, dimensions: 7X7MM; and the statement in legible font and size: “Verify this invoice through the FBR Tax Asaan Mobile App or SMS at 9966 and win exciting prizes in draw.”
