FBR Came In Movement And It Will Help Country Grow Fast

The Federal Board of Revenue (FBR) has declared a condition of showing an identity card on purchases of more than Rs 50,000, while showing a husband or father's identity card compulsory for a female buyer over Rs 50,000.

In this regard, the FBR has issued a circular explaining that it will not be used to interrupt business persons or business transactions under the Finance Act 2019, it will be mandatory for the female buyer to exceed Rs. Could show husband or father's ID card on purchase of demand for each person in tax net Delaying and gradually demanding National Identification Card to be National Tax.

Number is also a step towards banning the issuance of ID card numbers in certain transactions in the Finance Act. Only 41 thousand 484 sales tax registered people collect tax with returns. Section 23 of the Sales Tax Act has been amended which means that it should be applied only to the Sales Tax Registered Person while the purchase of less than Rs 50,000 does not apply to this condition on certain limited transactions under the Finance Act 2019.

The need for a national ID card number does not mean that the delivery of an identity card does not mean that the buyer will Sales Tax Registered Individuals have the flexibility in the law to promote a business If the buyer provides the seller with an incorrect identification card, the seller's good faith will not apply to fines for small and medium retailers whose rules They do not fall within the scope of sales tax.

They do not apply to this law. This law applies to business-to-business transactions and over fifty thousand transactions involving sales tax registered persons. The purpose of the law is to prevent fraudulent businesses from generating sales tax revenue.

Now Pakistan will get a relief with all the ways they are getting and taking advantage of people are always cheating the country by different ways.