TIF News

    Subscribe to Updates

    Get the latest creative news from TIF News about Pakistan, World, Sports, Business, Technology and more.

    What's Hot

    ‘He was suffocated’: Mihalik murder accused allegedly tortured by cops | TIF News

    TTP commander Omar Khalid Khorasani reportedly killed in Afghanistan

    Priyanka Chopra Shares Adorable Family Photo With Nick Jonas and Daughter Malti – TIF News

    Facebook Twitter Instagram
    Trending
    • ‘He was suffocated’: Mihalik murder accused allegedly tortured by cops | TIF News
    • TTP commander Omar Khalid Khorasani reportedly killed in Afghanistan
    • Priyanka Chopra Shares Adorable Family Photo With Nick Jonas and Daughter Malti – TIF News
    • Knife-wielding man who broke into police station jailed
    • Medical experts: On Marilyn Monroe’s addiction and mental health
    • The SAPS needs new air hostesses. Duties will include cleaning the VIP lounge. | Businessinsider
    • WATCH: Boy throws cycle at robber’s bike to stop him
    • Ryan Giggs arrives at court for trial over domestic violence allegations
    Facebook Twitter Instagram YouTube
    TIF News TIF News
    • Home
    • World
      • Australia
      • Canada
      • China
      • Europe
      • India
      • Middle East
      • Nigeria
      • Pakistan
      • Russia
      • South Africa
      • United Kingdom
      • United States
    • Business
    • Entertainment
    • Culture
    • Tech
    • Sports
    • Live
    • Videos
    • en English
      ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishur Urdu
    TIF News
    Home»Pakistan»FBR tightens noose around unregistered retailers
    Pakistan

    FBR tightens noose around unregistered retailers

    AdminBy AdminAugust 6, 2022No Comments1 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    KARACHI: The Federal Board of Revenue (FBR) has issued a list of 114 unregistered retailers (Tier-1) and decided to take action against these big retailers for not integrating with the FBR’s Point of Sale (POS) system, ARY News reported on Saturday.

    According to the statement released by the country’s tax collection body, these 114 retailers are operating out of the documented regime and not depositing collected sales tax from consumers into the national kitty.

    The board has decided to raise sales tax demand against these big retailers (Tier-1), who do not integrate with the FBR’s POS system by the deadline of August 10, 2022.

    Last month, the FBR issued a list of 101 big retailers (Tier-1), which are required to be integrated with the FBR’s POS system and were denied 60 percent input tax credit in case of non-integration.

    FBR has stated that the input tax claim of all aforementioned Tier-1 retailers would be disallowed upon filing the sales tax return for the month of August 2022.

    The FBR’s notification also stated that in order to operationalize this provision of law, a system-based approach has been adopted.

    Comments





    Source link

    Post Views: 52
    Fbr karachi Tier-1 Unregistered retailers
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Admin
    • Website

    Related Posts

    Video: Security guard slaps, humiliates woman in Karachi

    PDMA says no death reported in flood-hit Balochistan in 24 hours

    PM thanks UAE president for investment in Pakistan

    Leave A Reply Cancel Reply

    Our Picks

    PDMA says no death reported in flood-hit Balochistan in 24 hours

    PM thanks UAE president for investment in Pakistan

    Zulfi Bukhari shares ‘Nawaz Sharif’s letter to Indian PM after using airspace’

    Drop scene of alleged abduction for ransom of Lahore boy

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    South Africa

    ‘He was suffocated’: Mihalik murder accused allegedly tortured by cops | TIF News

    Sizwe Biyela, Nathi Khumalo and Vuyile Maliti. (Photo: Jaco Marais) One of the men…

    TTP commander Omar Khalid Khorasani reportedly killed in Afghanistan

    Priyanka Chopra Shares Adorable Family Photo With Nick Jonas and Daughter Malti – TIF News

    Knife-wielding man who broke into police station jailed

    Subscribe to Updates

    Get the latest creative news from TIF News about Pakistan, World, Sports, Business, Technology and more.

    About Us
    About Us

    TIF (Top in Focus) News is an independent digital news company based in Pakistan that uses data and creativity to reach hundreds of millions of people across the world.

    Email Us: info@tifnews.com

    Our Picks

    ‘He was suffocated’: Mihalik murder accused allegedly tortured by cops | TIF News

    TTP commander Omar Khalid Khorasani reportedly killed in Afghanistan

    Knife-wielding man who broke into police station jailed

    Dont Miss

    Beaver Pelts Were The Height Of Fashion For Status-Conscious Vikings, New Research Reveals

    ‘A Greedy, Small-Minded, And Violent Terrorist’: The Bloody Story Of 1980s Mob Boss Nicky Scarfo

    12-Year-Old In Alabama Escapes The Man Who Killed Her Mom And Brother By Chewing Through Her Restraints

    Facebook Twitter Instagram Pinterest Tumblr RSS
    • Home
    • Pakistan
    • World
    • Business
    • Culture
    • Interesting
    • Travel
    • Tech
    • Terms
    • Privacy Policy
    © 2022 TIF News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.