Dear Forum member
I need ur point of view regarding SRO no 821(1)2011 ( CNIC or NTN)on invoices to unregistered person . How can u handle this issue in ur companies keeping in view of that unregistered persons are not willing to show their identity .
FBR aims at brodening the tax base, and in pursuance of this objective FBR wishes to collect the data to check who buys how much, and that the buyer is registered in Tax Net or not. If not registered then FBR would make compulsory registration of the buyers buying taxable supplies. I think, there is no way out than to comply with the SRO. If not complied, registered persons won't be able to e-file the Sales Summary, which is very much necesary for e-filing.
Regards,
lahore766 at gmail dot com
this SRO is only applicable on manufacturing,importing and exporting companies.
so if im a manufacturer, what if i create a trading company, sell the goods from the manufacturing company to the trading company. then show lump sum sale to unregistered from the trading company?
whats your take on this scenario?