Financial Risk Manager

Ways of Financial and Risk Management

The Federal Board of Revenue has launched a campaign to collect due sales tax from hotels / restaurants sector.

Non-registered hotels / restaurants get themselves voluntary registered immediately to avoid strict action.
As responsible tax payer, issue sales tax invoice for every sale and e-file monthly sales tax return.
law allows collectors to post sales tax officers at hotels /restaurants to monitor sales.
Avoiding registration, non-issuance of sales tax invoice and non e-filing of monthly sales tax return attacts penalties and fines.

posted @ 9:12 AM,

At April 13, 2009 at 10:17 AM, Anonymous said...: Dear,

I dun think relying on Sales Tax invoice is a good idea, FBR should, if they have to collect VAT, Collect all info abount their inventories, whats ur say about this????
At April 14, 2009 at 11:53 AM, Mubeshir said...: Yes i am of your opinion. you are absolutely right.
At April 25, 2009 at 10:47 AM, Anonymous said...: Before posting comments think of the days when all data will be computerised and life will be hell in the world.