Ensure installation of electronic cash registrar, POS in a month: NBR

The National Board of Revenue (NBR) has directed its field offices to strictly monitor the installation of electronic cash registrar (ECR) and point of sale (POS) in all eligible shops within the next one month, aiming to check the cases of revenue evasion, reports UNB. The NBR chairman gave the directive in a recent meeting of Budget Implementation Meeting held at its conference room, an NBR senior official who was present in the meeting told the news agency.
He said the NBR chairman asked VAT commissionerates to monitor the implementation process and submit reports on noncompliance. In July 2008, the NBR issued an order making the installation of the ECR mandatory by 11 categories of service providers to check VAT evasion. The service providers are hotel, restaurants and fast food shops, sweetmeat shops, furniture sales centres, beauty parlours, community centres, posh shopping centres
in metropolitan areas and relevant business organisation, department stores, general stores and other big and medium—wholesale and retail—business organisations. The order took effect on July 1, 2008 for the business organisations of all city corporations and district towns across
the country.

Ensure installation of electronic cash registrar, POS in a month: NBR

The National Board of Revenue (NBR) has directed its field offices to strictly monitor the installation of electronic cash registrar (ECR) and point of sale (POS) in all eligible shops within the next one month, aiming to check the cases of revenue evasion, reports UNB. The NBR chairman gave the directive in a recent meeting of Budget Implementation Meeting held at its conference room, an NBR senior official who was present in the meeting told the news agency. He said the NBR chairman asked VAT commissionerates to monitor the implementation process and submit reports on noncompliance. In July 2008, the NBR issued an order making the installation of the ECR mandatory by 11 categories of service providers to check VAT evasion. The service providers are hotel, restaurants and fast food shops, sweetmeat shops, furniture sales centres, beauty parlours, community centres, posh shopping centres in metropolitan areas and relevant business organisation, department stores, general stores and other big and mediumwholesale and retailbusiness organisations. The order took effect on July 1, 2008 for the business organisations of all city corporations and district towns across the country.