New sales tax registration system from July 1: FBR
Pakistan, June 25 -- The Federal Board of Revenue (FBR) said on Monday that an automated system for sales tax registration would be functional from July 1.
According to a press release issued by the FBR, the new system will replace the existing procedure under sub-rules (2) to (8) of Rule 5 of the Sales Tax Act, 1990.
An applicant with a National Tax Number (NTN) or income tax registration will be able to login to the online system and upload the following information and documents for sales tax registration:
* Bank account certificate issued by bank in the name of the business
* Registration/consumer number with the gas and electricity supplier
* Particulars of all branches in case of multiple branches at various locations
* GPS-ta...
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