MULTAN: The Federal Board of Revenue (FBR) Regional Tax Office (RTO) has started crackdown against retail outlets failed to integrate with the point of Point of Sale (POS) system.
Taking a major enforcement measure against retailers, Inland Revenue officers in field formations started sealing the business premises of retail outlets which have failed to integrate with the Point of Sale (POS) system of the Federal Board of Revenue (FBR).
This is evident from the action taken by the Regional Tax Office (RTO),Multan of the Federal Board of Revenue (FBR), has decided to seal the business premises of the retail outlets that failed to integrate with the FBR’s computerized system.
Sources told Customs Today that this is the first time FBR is sealing business premises of retailers who were unable to integrate with the POS computerized system. The sealing orders have been prominently displayed in front of the retail outlets to create deterrence among the business community.
RTO Multan has launched a comprehensive campaign to integrate all tier-I retailers with the POS system. In order to enforce the law through enforcement, the Inland Revenue officers have sealed certain retail units that remained non-compliant. The RTO has wanted retailers to integrate with the FBR’s POS to avoid legal complications.
Sources added that the sealing of the business retail outlets has sent a clear message to all big retailers to get registered with the POS or face strict enforcement action.
The Federal Board of Revenue (FBR) has already deputed Inland Revenue Officers at big retail outlets who haven’t been integrated with the Point of Sale (POS) system. Some major retailer outlets in Islamabad and Rawalpindi have been subjected to the provisions of section 40B of the Sales Tax Act 1990.
