According to the news, the FBR (Federal Board of Revenue) has slapped a fine of Rs1 million on Islamabad’s Tehzeeb Bakery, and it is due to not connecting their selling and marketing outlets with FBR’s Point of Sale (POS) system, they didn’t apply and install POS in any branch.
As per the sources, FBR had already sent notices to the bakery regarding POS many times, despite that, the Tehzeeb Bakery did not follow the FBR’s rules and direction, so because of their irresponsible behavior FBR imposed a fine and then seal the bakery, now the bakery will remain close until they did not pay their fine.
A senior officer of FBR said in a statement that the tax department has enforced a fine of Rs. 1 million on “Tehzeeb Bakers” Rawalpindi shop because of the non-incorporation of POS machines with the tax office system.
Officials said that the FBR is currently working on a ‘Lucky draw’ plan for those customers who will get the computerized money slip from the stores.
Further, the tax department will teach the people to get the online bills against each purchase.
The finance minister also had revealed the cash bonus program in the budget and pledged to make the connection between 0.5million retailers with the FBR system. An interesting Thing Is That the FBR will give the cash prize under this lucky draw to those who are the filer or will become the filer if he/she is eligible for such rewards.
Along with this, the FBR in this budget also eliminated the tax on the importation of POS machines to lure big retail stores to import duty-free machines.
