The Regional Tax Office, Islamabad, on Thursday sealed five prominent restaurants in Islamabad for issuing fake invoices/receipts. The action was taken after citizens/consumers reported that the restaurants were issuing counterfeit receipts/invoices.
This is in line with FBR’s drive to bring Tier-1 Retailers and restaurants into the tax net through the POS Invoicing system.
After determining the inauthenticity of the reported receipts through POS tracking software under an already devised procedure, a team of RTO Islamabad led by the Deputy Commissioner sealed five restaurants in Islamabad. Also, it imposed a total penalty of Rs.1.5 Million on these restaurants.
It is pointed out that FBR has launched the Point of Sales Prize Scheme from 25th October. In the first phase, the Scheme has been introduced in Islamabad for Tier-1 restaurants which will then be extended to all Tier retailers and finally across the entire country by the end of this month.
Under the Scheme, citizens/consumers who will report fake receipts through the Tax Asaan APP to FBR will get varying cash rewards. After verifying the fake receipts under a devised procedure, FBR will transfer the cash prizes directly into the bank accounts of the winners. The reported Tier-1 Retailers/Restaurants will then be sealed for issuing fake receipts.
This important initiative aims to discourage the fake invoices culture by ensuring that the due taxes are deposited in the national exchequer. FBR is committed to ensuring tax compliance through effective enforcement of tax regulations.
