In Islamabad, the Federal Board of Revenue (FBR) has mandated the registration of Fast Moving Consumer Goods (FMCG) supply chain systems via the eFBR portal, requiring the submission of necessary data.
Importers, dealers, and distributors of FMCG were given a deadline of February 1, 2024, to issue electronic sales tax invoices, as per the directives of the FBR.
Outlined in the “technical document on digital invoicing,” the initiative aims to streamline digital invoice data sharing with the FBR, particularly for supply chain operators (SCOs) within the FMCG sector.
SCOs are instructed to adapt their IT systems to accommodate electronic sales and purchase invoices, with invoice details shared through designated APIs. The system captures data entry for purchase invoices, debit notes, and credit notes.
To comply, FMCG entities will register their systems on the eFBR portal, with the FBR issuing a Point of Sale (POS) registration number upon successful data submission.
The FBR notification stipulates that registered persons, including importers, manufacturers, wholesalers, distributors, and wholesaler-cum-retailers of FMCG, must transmit sales tax invoices electronically, as prescribed under Chapter XIV of the Sales Tax Rules 2006.
Effective February 1, 2024, registered persons seeking an extension must apply to the Commissioner Inland Revenue. The notification clarifies that “fast-moving consumer goods” refer to consumer goods supplied to retail marketing based on daily consumer demand, excluding durable goods.
