LAHORE: The Punjab Revenue Authority has started monitoring of restaurants in different areas of Lahore.
Sources told Customs Today that the Punjab Revenue Authority has installed its first invoice monitoring system at Bistro 201 restaurant on Mall Road Lahore. A team of PRA, under the supervisions of additional commissioner enforcement Shahzad Muhammad Gondal, has installed “Restaurant Invoices Monitoring System”(RIMS) at Bistro 201.
Punjab Revenue Authority (PRA) has introduced ‘Restaurant Invoices Monitoring System (RIMS)’ aimed to enhance the revenue of the provincial exchequer. Rules in this regard have been drafted which also include a prize scheme to convince the masses for demanding sales tax compliant invoices from restaurants.
PRA sources further said, that there was a widespread tendency of tax mis declarations in restaurants operating in Punjab especially those which were not incorporated or not part of international restaurant chains. Even tax amounts received from the customers are misappropriated, PRA claimed.
In order to overcome such traditionally entrenched unhealthy tendency, PRA has prepared a restaurant invoice monitoring system software. The major cornerstones of the scheme is installation of a well protected modem in the invoice generating computer system of the restaurant, real time transmission of invoice data to PRA’s central computer system, automated verification of monthly tax declarations through the system.
Now Punjab Revenue Authority has started implementation on this project in first step a system has installed in a restaurant in Lahore and it will be installed in other restaurants of the city as well. This project can increase the revenue of the Punjab and it will also control the tax evasion by restaurant owners.
