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ISLAMABAD: The Federal Board of Revenue (FBR) declared on Saturday that it was compulsory for a person to display his or her Computerized National Identity Card (CNIC) if he/she wanted to purchase a commodity of more than Rs50,000 from a sales tax-registered retailer.
FBR spokesperson Dr. Hamid Ateeq Sarwar confirmed that the requirement of CNIC at the time of purchase had been relaxed in July 2019 in an attempt to encourage traders. The rule is being implemented again with effect from 1 February 2020.
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He said, “The board would only track business-to-business transactions to detect tax evaders, he said, “We would link our system to that of Nadra (National Database and Registration Authority) to check the validity of CNICs.”
Some traders used fake CNIC numbers when their transactions were being registered, he said. The verification system would only be used in the event of big transactions involving traders.
Dr. Hameed further said, “The primary purpose behind the step was to record business-to-business transactions, as only a few individual consumers made purchases larger than Rs50,000 and that also from sales tax-registered individuals, adding, “This condition would help search out uncheckable and fake business buyers that cause massive losses along the supply chain.”
