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Purpose of this video is only to educate the public and tax awareness about updated system adopted by FBR (Tax Department) to enhance the collection of Tax in Pakistan it is just to introduce POS (Point of Sales) System Who is required to integrate POSs for live reporting of sales? (a) a retailer operating as a unit of a national or international chain of stores; (b) a retailer operating in an air-conditioned shopping mall, plaza or centre, excluding kiosks; (c) a retailer whose cumulative electricity bill during the immediately preceding twelve consecutive months exceeds Rupees twelve hundred thousand; (d) a wholesaler-cum-retailer, engaged in bulk import and supply of consumer goods on wholesale basis to the retailers as well as on retail basis to the general body of the consumers”; and (e) a retailer, whose shop measures one thousand square feet in area or more. What will be the rate of sales tax for items sold by the integrated retailers? How returns and exchanges are handled in the POS system? Can the retailer make any changes to the sales data populated in Annex-C? Should a tier-1 retailer also report his online sales to FBR? What is the disadvantage to or penalty for tier-1 retailers who fail to integrate their POSs? What is the penalty if an integrated retailer tries to bypass the system and fails to report any sales to FBR? Is there a penalty for a software vendor who provides for sale skimming in the software provided to the retailer? Should bakeries or sweetmeat shops also integrate their POSs? Should all restaurants integrate their POS with FBR? POS Frequently asked questions on FBR website • FBR|POS|Who is Required to integrate with ... we believe in not only bookish knowledge but to promote practical skills in trainees. Tax • Corporate • Accounting • Legal & Financial Advisory The purpose of these videos are merely educational --------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities , all contents provided by This Channel is meant for EDUCATIONALPURPOSEonly .Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. --------------------------------------------------------------------------------------------------------------------------------------- please like the video Share the video Subscribe the channel please subscribe the channel • Tax important Questions like Facebook Page / shamstaxinfo watsapp : 03325129392 ---------------------------------------------------------------------------------------------------------------------------------------