The Federal Board of Revenue (FBR) has prepared strict rules for business people, while it has been made mandatory for sales tax registered people to be connected to the FBR computerized system.
According to the document, CCTV cameras will be installed to monitor the business point, debit, credit card machines, QR codes, digital payments will have to be linked to the FBR, and websites, software, mobile applications for online sales of goods will also be linked.
The integrated person will be obliged to give the tax officer access to the business premises, records, and those who tamper with the electronic system will face fines and sanctions.
In case of internet or power outage, it has been made mandatory to upload invoices within 24 hours.
According to the FBR document, an enforcement network will be established to prevent tax evasion, legal action will be taken against issuing invoices without QR codes or FBR numbers.
The sales tax invoice will consist of a digital signature, QR code, and a unique FBR number.
Records of electronic invoices must be maintained daily, weekly, and at the end of each month.
It has been made mandatory to retain data of digital invoices or online sales invoices for 6 years.
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