FBR to Deny 60% Input Tax Credit to Tier-1 Retailers Who Fail to Integrate With POS System
October 5, 2021The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1) who are required to be integrated with the FBR’s Point of Sale (POS) system, announcing that they would be denied 60 percent input tax credit in case of non-integratio…