Islamabad, August 04, 2021 (PPI-OT):Federal Board of Revenue (FBR) in its drive to integrate Tier-1 Retailers across the country, has issued Sales Tax General Order No.1 of 2022 by which a system-based approach is being adopted to integrate non-Integrated Tier-1 Retailers with effect from 1st August, 2021. A List of identified Tier-1 non-Integrated Retailers has been placed at FBR’s web portal (www.fbr.gov.pk).
If these identified Tier-1 Retailers fail to integrate by August 15, 2021, they would be denied credit for input tax equal to 60% claimed in the Sales Tax return for the month of July, 2021. If, however, a Tier-1 Retailer feels that it is not a Tier-1 Retailer in terms of Section 2(43A) of Sales Tax Act, 1990, it may get itself excluded from the list by applying to the Commissioner by August 10, 2021.
The list shall be updated every month and taxpayers who remain in the List shall be considered as non-Integrated Tier-1 Retailers and their input tax to the extent of 60% shall be disallowed as per the provisions of sub-section (9A) of Section 3 of the Sales Tax Act, 1990.
For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456
Email: mujeeb.talpur@fbr.gov.pk, talpur35@gmail.com
Website: https://www.fbr.gov.pk/