ISLAMABAD: The federal government has decided to introduce a mobile app for real time collection of general sales tax (GST) charged by hotels and restaurants throughout the country. The final decision on this matter will be taken after consultation with all the stakeholders.
The app will send consumers an instant receipt confirming tax collection from them and help enhance government’s revenue from food and accommodation sector.
According to media, the finance ministry penned a letter to the Federal Board of Revenue (FBR) in this regard following which, the latter decided to review the recommendation of a mobile app for hotels and restaurants.
Furthermore, the app can be integrated with the tax mechanism so that GST payments are made on real-time basis.
The system would benefit the government by transferring taxes to the national exchequer instantly. On the other hand, it would also ensure the consumers that their payment has entered the national treasury. The regional tax office of Islamabad, an institution functioning under the FBR, has installed a web-based restaurant invoice system throughout the city.