- FBR introduced provision for issuance of electronic sales tax invoices by registered persons under Finance Bill 2024
- Amendment in section 23 of Sales Tax Act 1990 proposed for electronic invoices
- Currently limited to certain sectors integrated with Point of Sales, but may expand to other registered persons
- Details, modalities, and procedures to be notified by FBR in coming days
- Government moving towards digitalization for better compliance and controls
- Step towards government’s goal of introducing digitalization in revenue collection.
Source: brecorder.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.
