Those retailer who don’t report their sales to FBR will face penalty up to five hundred thousand rupees.
FAILS TO REPORT ANY SALES TO FBR
FAILS TO REPORT ANY SALES TO FBR
WHAT IS THE PENALTY IF AN INTEGRATED RETAILER
TRIES TO BYPASS THE SYSTEM AND FAILS TO REPORT ANYSALES TO FBR?
Under clause 24 of Table in section 33, such retailer shall face a penalty up to five hundred thousand rupees or two-hundred percent of the tax amount involved, whichever is higher. Such retailer may also to be sentenced to imprisonment which may extended to two years.
