ABBOTTABAD: The Federal Board of Revenue (FBR) Thursday installed the Point of Sale (POS) system in Abbottabad stores.
Junaid Khan, Assistant Commissioner FBR regional office Abbottabad, addressing a press conference said the POS is a specialised advanced inventory management system which was developed especially for retailers.
He said that this web-based POS system is best suitable for retail stores, salons, restaurants, boutiques, hardware stores, cash and carry and others. Khan said that the FBR POS system is the one that has brought shopkeepers into the tax network and all the traders should connect with the POS system.
Customers should also get the receipt from the shop from where they buy the goods, if the trader is not giving the receipt then the customer should inform FBR and we would take action against them, he added.
The AC said that this system will benefit the traders and the customers as well, FBR also announced a prize scheme of Rs1 million in the first phase, Rs500,000 in the second phase, Rs100,000 in the third phase and Rs50,000 in the fourth phase. He said that the scheme would be formally inaugurated by the Prime Minister of Pakistan Imran Khan.
This system would benefit traders and customers, we would also start a campaign and would visit bazaars of the city to make the traders aware of the benefits of the POS and convince them to become a part of the system. – TLTP