- The Federal Board of Revenue has issued a notification regarding the transmission of sales tax invoices electronically.
- The notification applies to registered persons who are importers, manufacturers, wholesalers, distributors, and wholesaler-cum-retailers of fast-moving consumer goods.
- The requirement to transmit sales tax invoices electronically will come into force on February 1, 2024.
- Registered persons can apply for an extension in time for compliance if they have a plausible cause.
- “Fast moving consumer goods” refers to consumer goods supplied in retail marketing based on daily consumer demand, excluding durable goods.
Source: download1.fbr.gov.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
