ISLAMABAD: In continuation of the policy of facilitation of taxpayers and ensuring ease of doing business, the Federal Board of Revenue (FBR) has launched Asynchronous Data eXchange, an application, that allows taxpayers and e-intermediaries to prepare the data related to sales tax returns, sales invoices, debit, and credit notes as well as withholding tax in offline mode.
With the launching of this application, the taxpayers and e-intermediaries will be able to prepare sales tax invoices without having to remain connected with the Internet. Thus, the issues related to connectivity, peak load, system downtime etc will have no effect on the speed and efficiency of the data entry.
This will especially facilitate data preparation of large taxpayers including DISCOs, MNCs etc. and will indirectly benefit the buyers who require input adjustment on purchases from large taxpayers, thus enhancing the efficiency of the whole supply chain.
It may be noted that this is the first version of IRIS-ADX which will be further enhanced to allow offline preparation of all declarations including Income Tax Returns and Statements in the near future.
