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Pak FBR receives transactions of textile article sales

12
Feb '19
Courtesy: Pxhere
Courtesy: Pxhere
Pakistan’s Federal Board of Revenue (FBR) has started receiving live transactions of sales of finished textile and leather items and the eligible persons integrating or having already integrated their systems with the FBR can now avail of reduced rate of 6 per cent on their sales as announced by the government.

The government had notified a reduced rate of 6 per cent for finished articles of textile and leather for those registered persons who are online with FBR’s computerised system. That was effective from July 1 last year and was made operational on November 12.

Around 75 registered persons are now integrated with FBR and declaring sales of 2,574 outlets through this system, according to Pakistani media reports. (DS)

Fibre2Fashion News Desk – India


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