ISLAMABAD: The Federal Board of Revenue (FBR) has sealed two prominent restaurants in Islamabad’s commercial districts, Blue Area and Super Market, for allegedly issuing counterfeit invoices through their Point of Sale (POS) systems.
According to the Regional Tax Office Islamabad, the restaurants were identified using point-of-sale (POS) tracking software, which confirmed the issuance of counterfeit receipts.
After verifying the discrepancies via established procedures, a dedicated RTO team, led by the Deputy Commissioner, moved swiftly and sealed the two restaurants in Islamabad and imposed fines of Rs. 500,000 each.
Launched on October 25, the POS Prize Scheme is an innovative approach to engage citizens in combatting tax evasion.
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Through the Tax Asaan App, consumers can report suspicious or fake invoices directly to the FBR. Verified reports will render consumers eligible for cash rewards, which will be credited directly to their bank accounts.
The FBR hopes that this reward-based system will mobilize citizens, fostering a culture of compliance and responsibility in tracking financial transactions.
While currently limited to Islamabad, the POS Prize Scheme is poised to expand nationwide in the coming month. This rollout will progressively encompass all Tier-1 retailers, further tightening FBR’s grip on tax evasion across multiple sectors.
This latest initiative is part of a wider FBR strategy to curb the culture of fake invoicing, ensuring that all taxes owed are duly collected and deposited into the national treasury.