Mandatory Use of CGIR-Approved Secured POS Machines for Transactions and Real-Time Data Capture

• All registered persons are required to use secured, CGIR-approved POS machines from a specified date.
• Secured POS machines must record goods and services supplied, generate invoices/receipts, and capture transaction data in real time.
• The definition of “secured POS machine” is provided in the Bill.

Source: assets.kpmg.com

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.

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