FRB (Federal Board of Revenue) has been announcing for a while that it has obliged the largest retailers to be accredited and officially start issuing fiscal invoices as of December 15, 2019. The first group (Tier.1) consists of:
- retailers operating as a unit of a national or international chain of stores;
- retailers operating in an air-conditioned shopping mall, plaza or center, excluding kiosks;
- retailers whose cumulative electricity bill for the preceding 12 consecutive months exceeds Rs 600,000.
This also includes wholesaler-cum-retailers engaged in bulk import and supply of consumer goods on a wholesale basis to the retailers, as well as on retail basis to the general body of the consumers, and retailers whose shop measures 1,000 square feet in area, or more.
A basic component of a fiscal system is the Electronic Fiscal Device (EFD),Read More›