ISLAMABAD, Aug 23: The Federal Board of Revenue (FBR) has issued new draft rules for electronic tax register.

A notification SRO 864 of 2008 issued here on Saturday said that the draft rules will be finalised in the next seven days after receiving feedback from the relevant stakeholders.

Any objection or suggestion, which may be received from any person in respect of the draft before the expiry of the period, shall be considered by the FBR, added the notification.

Under the draft rules, a person required to use an electronic tax register (ETR) shall install it within seven days of its authentication by the commissioner holding jurisdiction over such case and obtain a register identification number (RIN) for permanent affixture on the register and use the same to record only his own sales and ensure that each sale is made through it and print the receipt of each sale containing the information in accordance with sub-rules(3) and (4) of rule 29 and rule 30, and to deliver the original receipt to the purchaser;

While in case of non-availability for use of the electronic tax register, the sales may be recorded with the use of a substitute electronic tax register, duly authenticated by the commissioner; prepare a daily and a monthly accounting report containing the information as prescribed in chapter VII of these rules;

Ensure that the electronic tax register operates correctly with particular regard to correct programming of the names of goods and services and the correct allocation of their tax rates; promptly report any malfunctioning of the electronic tax register to the person responsible for its servicing; on demand by an authorised person, produce the electronic tax register for inspection.

A person should ensure the inspection of the electronic tax register before the authorised service management after six months; keep copies of electronic tax register reports for a period of five years and produce the same for inspection by the commissioner whenever required to do so; safely keep the electronic tax register ledger in the register’s casing and produce it whenever required by the commissioner to do so; and ensure the inspection before further use of an electronic register, which has been or is suspected to have been interfered or tempered with.