ISLAMABAD: The FBR’s Regional Tax Office Thursday sealed five prominent restaurants in Islamabad for issuing fake invoices/receipts. The action was taken on the complaints of citizens/consumers.
This is in line with the FBR’s drive to bring Tier-1 retailers/restaurants into the tax net through the POS Invoicing system.
After determining the inauthenticity of receipts, a team of RTO Islamabad, led by deputy commissioner, sealed five restaurants and imposed a total penalty of Rs1.5 million.
It may be pointed out that the FBR has launched the Point of Sales Prize Scheme from 25th October. In the first phase, the scheme has been introduced in Islamabad for Tier-1 restaurants which will then be extended to all tier retailers and finally across the entire country by the end of this month.
Under the scheme, citizens/consumers reporting fake receipts through Tax Asaan app to the FBR will get varying cash rewards. After verifying the fake receipts, the FBR will transfer the cash prizes directly into the bank accounts of the winners.
The reported Tier-1 retailers/restaurants will then be sealed for issuing fake receipts.
This important initiative aims to discourage the fake invoices culture by ensuring that the due taxes are deposited in the national exchequer.
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