Real time FBR Integrations | FBR holds seminar on ‘FBR POS Integration System at LCCI
The
LAHORE-Federal Board of Revenue hosted a seminar on "Level 1 Retailer
Point of Sale (POS) Integration" at the Lahore Chamber of Commerce &
Industry on Monday.
IT
FBR member Asim Ahmad, Chief Commissioner Inland Revenue Ahmad Shuja Khan, LCCI
President Irfan Iqbal Sheikh, Vice President Mian Zahid Jawaid Ahmad, former
LCCI President Bashir A Baksh, Naseem ul Ghani addressed the event
representatives of professional and industrial associations participated.
Experts
informed participants that the POS Retailers
Integrated with FBR billing system is a real-time sales documentation
system that will link the electronic point-of-sale systems of all Level 1
retailers to the FBR via the Internet. The point of sale refers to the place
where a retail, sale or purchase transaction is carried out. The point of sale
system is essentially a computerized system that records sales data, manages
inventory and maintains customer data.
POS Retailers
Integrated with FBR has launched an automated point of sale for all major
retailers. It is suggested that all major retailers join the system. This will
help retailers greatly, as personal interaction with FBR will be minimized.
Using this system will not only end periodic inspections by the FBR, but will
also help retailers prepare their sales tax returns without hassle. Level 1
covers a retailer operating as a unit of a national or international chain of
stores; a retailer operating in an air-conditioned shopping center, square or
center.
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Integration services for your business.
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