A delegation of Super Market Association, Faisalabad visited FBR (HQs), Islamabad on Thursday and held a detailed meeting with Chairman FBR/Secretary Revenue Division Dr. Muhammad Ashfaq Ahmed and Mr, Farrukh Habib, Minister of State for Information & Broadcasting, both in Chair.
Various issues related to Point of Sales were discussed during the meeting. The President, Super Market Association, Faisalabad Mr. Shahid Mumtaz Bajwa informed the participants that all its 40 members had been integrated with FBR POS System, which was appreciated by the Chairman FBR. On the issue of input adjustment from un-registered wholesalers/distributors, the Association was informed by FBR that in Finance Supplementary Act, 2022, they had been declared as Tier-1 Retailers. Hence, their issue of input tax adjustment would soon be resolved under the relevant provisions of law.
The Chairman, FBR desired that the Dispute Committee of FBR and the Traders in Faisalabad would be activated for an amicable settlement of genuine/legal issues of Faisalabad traders.
