ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of registered businesses that will be required to submit their sales tax invoices electronically.
A sales tax notification SRO28 was issued to enforce the decision from Feb 1.
However, the affected businesses can apply for an extension if they can provide a valid reason to the commissioner of Inland Revenue.
The decision will apply to all importers and manufacturers of fast-moving consumer goods (FMCGs), all wholesalers (including dealers), distributors of FMCGs, and all wholesaler-cum-retailers involved in the bulk import and supply of FMCGs to retailers.
Published in Dawn, January 12th, 2024
