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Wednesday , August 16 2017
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FBR to install electronic systems in restaurants to stop ST evasion

FBR to install electronic systems in restaurants to stop ST evasion

ISLAMABAD: Federal Board of Revenue is planning to place an invoice monitoring system at all restaurants in the country to control massive sales tax evasion by the industry, sources said.

The issue of placing this system was discussed during a meeting chaired by FBR Chairman Tariq Bajwa. Through the system, electronic cash registers will be installed at all the top restaurants in big cities through which FBR will be able to capture data of all the invoices of restaurants.

Officials also discussed various options to guarantee capturing of every invoice generated at restaurants for collection of sales tax. Sources said that FBR is looking for such a system which should be directly connected with its electronic system and capture each and every invoice issued by the restaurants.

The electronic connectivity of all machines is necessary for FBR to give it generated electronic serial numbers for maintaining complete record, they added.