FBR mandates electronic invoicing for consumer goods businesses

MG News | December 13, 2023 at 10:09 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 13, 2023 (MLN): The Federal Board of Revenue (FBR) has directed all importers, manufacturers, wholesalers, dealers, and wholesaler-cum-retailers engaged in fast-moving consumer goods to install a Licensed Electronic Invoicing system and issue real-time verifiable Electronic Sales Tax invoices.

The board imposed this in accordance with Rule 150Q of S.R.O. 1525(1)/2023, exercising the powers conferred by Section 50 of the Sales Tax Act, 1990.

The notification further states that fast-moving consumer goods are those consumer goods that are supplied in retail marketing as per the daily demand of a consumer [excluding durable goods].

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%