Retailers To Provide Buyer’s Info To FBR On Bills Exceeding Rs. 100,000

The FBR has made it essential for retailers/integrated suppliers of point-of-sale (POS) systems to inform the FBR of the identities of buyers/customers whose invoice value exceeds Rs 100,000.

On Monday, the FBR issued SRO 1006(I)/2021, which established a standard structure for invoicing for retailers and integrated suppliers. When a customer is due for tax or credit, or when the invoice amount exceeds Rs. 100,000, the name must be recorded, according to SRO 1006(I)/2021.

The FBR has set a standardized format for invoices issued under sub-rules (5) and (6) of rule 150ZEB of the Sales Tax Rules 2006 in the execution of the powers provided by the first proviso to sub-section (1) of section 23 of the Sales Tax Act 1990:

The following information, among other things, must be printed on every invoice produced by all Point of Sale (PoS) systems integrated with FBR, according to the defined format for invoices:

1. The invoice comprised a unique sequential invoice number, the date and time of sale, the payment method (cash, credit or debit card, check, or gift vouchers), and the option for business-to-business transactions.
2. The business name or brand name; the complete address of the business location; the FBR’s Sales Tax Registration Number (STRN) and National Tax Number (NTN); the name of the Tax Office/Formation where the business is registered; and a unique PoS registration number were all included in the business information.
3. The transaction data comprised an item-by-item description of goods or services and (unit) price exclusive of tax; tax rate for each item (item-by-item breakdown of the tax rate); and tax rate for each item (item-by-item breakdown of the tax rate). If an item is exempt, use 0 percent; the item-by-item number of goods; tax amount; total sale value; tax charged on the invoice; discounts, if any; PoS service fee of Rs. 1 per invoice; total due amount; and total received amount.
4. FBR information was included. FBR fiscal invoice number; FBR PoS invoicing system logo; QR code that can be verified. 7X7mm, with the following statement in a legible font and size: “Verify this invoice using the FBR Tax Asian Mobile App or by sending an SMS to 9966 to enter the draw for fantastic prizes.”

The registered persons (integrated suppliers) must install such fiscal electronic devices and software as approved by the Board and made available on its website with complete technical instructions for installation, configuration, and integration under rule 150ZEB of the Sales Tax Rules 2006. The integrated suppliers must notify the Board of all their outlets via the Computerized System to initiate the integration. The integrated suppliers must register each point of sale.