SCCI concerned at introduction of Point of Sale system by FBR

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) on Monday expressed serious reservations over the introduction of Point of Sale (POS) system for traders by the Federal Board of Revenue (FBR) and said the system was unacceptable for the terrorism-hit businesses and city.

The chamber made it clear that the traders would strongly resist and protest if the POS system was imposed on them and all responsibility would be rest with FBR and its subordinate regional tax office. The issue was raised by big stores/outlets traders located on Peshawar University, Cantt and Peshawar city during the meeting with SCCI Acting President Shahid Hussain at the Chamber’s House.

Besides, the Chamber vice president, Abdul Jalil Jan, former FPCCI president, Ghazanfar Bilour, SCCI former presidents, Faiz Muhammad Faizi, Malik Niaz Ahmad, Zulfiqar Ali Khan, Anjuman-e-Tajaran Peshawar chairman, Shaukat Ali Khan, Syed Ahmad Khan, Nadeem Rauf, several traders from University Road and Peshawar Cantt were present at the meeting. The trader leaders informed the meeting that they had serious concerns on the POS system introduced by the FBR. They said the POS procedure was unclear and doing businesses after implementation of this system would be impossible in the provincial capital. Shahid Hussain while talking to traders’ delegation expressed apprehensions over the introduction of POS system by the FBR as the system implementation on the war-affected businesses and city was an unfeasible and unwise step, which would be opposed at every level. He warned that if the FBR implemented the POS by force, the trade community would launch a protest against it.