Real time FBR Integrations | FBR holds seminar on ‘FBR POS Integration System at LCCI

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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.

Real Time FBR Integration:

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.

We Xcentric Services provide Real Time FBR Integration services for your business.

 

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