Points of Sale linked with EDS
The FBR said that those who are not complying would be pursued diligently until compliance is achieved. PHOTO: FILE
Metro Pakistan, in collaboration with the Federal Board of Revenue (FBR), has completed the integration of all its Points of Sale (POS) with the Electronic Device System (EDS) introduced by the revenue board. The system will allow small, medium and large tier-1 retailers to report and record their sales in real time for taxation purposes and will ensure that the sales tax paid by customers at the POS counter and the cash counter is deposited in the system. Speaking on the occasion, Special Assistant to Prime Minister on Revenue Dr Waqar Masood Khan said, “I am hopeful that once all tiers will be covered by the government, the business community will enjoy a new viable, tax-compliant, integrated business model, something that will serve as a benchmark for our country in the future.”
Published in The Express Tribune, March 24th, 2021.
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