The Federal Board of Revenue (FBR) has announced a new prize scheme aimed at customers of integrated tier-1 retailers who report unverified invoices issued by large retailers. This initiative is formalized through SRO.1513(I)/2024, amending the Sales Tax Rules, 2006.
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Key Details of the Prize Scheme:
- Eligibility: Customers of integrated tier-1 retailers can report unverified invoices to qualify for prizes related to their purchases.
- Reporting Process: To report an unverified invoice, customers must provide the following information:
- Name of the customer
- CNIC of the customer
- Mobile number of the customer
- IBAN of the customer
- Proof of digital payment
- A picture of the unverified invoice and a tagged picture of the business premises that issued the invoice
- Digital Payment Proof: If proof of digital payment is not submitted, the customer’s right to claim the prize will be forfeited.
- Authentication Process: Upon reporting an unverified invoice, an alert will be generated in the IRIS login of the Commissioner Inland Revenue. The Commissioner will authenticate the invoice to determine the customer’s entitlement to the prize and may take necessary action as outlined in the Sales Tax Act.
- Accountability: If the details provided by the customer are found to be incorrect or incomplete at any stage, any delays in prize disbursement will be the customer’s responsibility, according to the FBR.
This initiative aims to enhance transparency and accountability in the retail sector while encouraging customers to actively report fraudulent practices.
