Economic Reporter :
The National Board of Revenue (NBR) has decided to get tough against those, which are not using the electronic cash registrar (ECR) and point of sale (POS). The aim of the drive is ensure more revenue collection from business houses, said the sources.
“We’ve found a large number of business entities in the country that are not using the ECR and POS. This is very much unfortunate,” a senior NBR official said.
He said the actual figure of sale and the VAT collection cannot be known if those devices are not used. “We’ve instructed our field offices to make sure that no business entity can run without the ECR or POS,” he said.
In July 2008, the NBR issued an order making the installation of the ECR mandatory by 11 categories of service providers to check VAT evasion.
The National Board of Revenue (NBR) has decided to get tough against those, which are not using the electronic cash registrar (ECR) and point of sale (POS). The aim of the drive is ensure more revenue collection from business houses, said the sources.
“We’ve found a large number of business entities in the country that are not using the ECR and POS. This is very much unfortunate,” a senior NBR official said.
He said the actual figure of sale and the VAT collection cannot be known if those devices are not used. “We’ve instructed our field offices to make sure that no business entity can run without the ECR or POS,” he said.
In July 2008, the NBR issued an order making the installation of the ECR mandatory by 11 categories of service providers to check VAT evasion.
