Wednesday, 30 November 2022
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TAXATION

New Penalty Provisions relating to non-integrated Tier-1 Retailers

The FBR has been empowered to require any person or classes of person to integrate their invoice issuing system machines with the FBR’s computerised system for real time reporting of sales in the prescribed manner.

A specific penalty provision has been introduced for those persons who are required to integrate their invoice issuing system with FBR’s system but either fail to register for sales tax or if registered, fail to integrate their system. Such persons will be subject to penalty as under:

In case of                              Penalty
===============================================
First default                        Rs 500,000
Second default after 15 days
of an order for first default      Rs 1,000,000
Third default after 15 days of
an order for Second default        Rs 2,000,000
Fourth default after 15 days
of an order for third default      Rs 3,000,000

In case of failure to integrate system within 15 days of order for the fourth default, the business premises of the taxpayer shall be sealed. Furthermore, if the taxpayer is able to integrate his system within 15 days of first default, the amount of penalty relating thereto can be waived by the Commissioner.

A reduced rate of 16% is being prescribed for supplies made from retail outlets integrated with the FBR’s computerised System for real time reporting of sales, if the payment is made through digital mode. This amendment is not applicable on supplies of certain textile and leather items which are already subject to 10% sales tax subject to certain conditions with regard to value addition threshold.

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