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FBR Constitutes Central and Regional Committees to Look Into Tax Issues

FBR Constitutes Central and Regional Committees to Look Into Tax Issues In line with the Memorandum of Understating (MOU) signed between the Federal Board of Revenue (FBR) and the Chainstore Association of Pakistan (CAP), the FBR has constituted a Central Committee and Regional Committees to oversee the process of integration of Tier-1 retailers. In this connection, the FBR has issued an office order here on Friday. The Central Committee would look into issues related to input tax issues, HS code issues, customer incentivization, software problems etc. Similarly, the Regional Committees would be responsible for identification Tier-I and Tier-II retailers in their respective areas and to liaise with the Chief Commissioners concerned besides resolving sectoral as well as individual issues of retailers.

Retail sector adopting technology

Retail sector adopting technology Without automation, it will be increasingly difficult for businesses to meet customer expectations. PHOTO: FILE LAHORE: Pakistan’s retail sector is on its way to induct new technology in daily operations in a bid to modernise the conventional back-end operations and processes in the manufacturing, warehousing and distribution value chains. According to retailers, the need to upgrade the system by adopting cutting-edge technology is the only way they can grab a larger slice of the rapidly growing e-commerce ecosystem. As e-commerce transactions increased manifold during the lockdown, many retailers realised the operational deficiencies present in their e-commerce platforms.

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