Integration is expected to curb tax evasion by minimizing reliance on manual receipts


Lahore: The Punjab Revenue Authority (PRA) is on its way to integrating its e-IMS system with the Federal Board of Revenue's (FBR) Point of Sales (POS) system.
The integration of PRA’s Electronic Invoice Monitoring System (e-IMS) with the POS system will simplify tax processes for taxpayers as they will not require integration with two separate systems of two revenue organisations. This will also reduce procedural redundancies.
The integration is also expected to curb tax evasion by minimizing reliance on manual receipts as well as it will be pivotal in the documentation of transactions thus helping in the documentation of the economy.
The rollout of the integration plan will be completed in phases: in the first phase, eIMS-POS integration for restaurants will be made till the end of December this year whereas this will be extended to other sectors before the end of February next year.
It is also pertinent to mention that PRA is already on its way to integrating the data of eIMS with its return which is also a step towards simplification of the tax process for the taxpayers and elimination of duplication of efforts.
For restaurant owners, the system will streamline invoice generation, further enhancing efficiency and compliance.

ICU fire at India’s Jaipur hospital kills six, injures five
- 2 گھنٹے قبل

'He fought too many times': How the loss to Ankalaev forced Pereira to change
- 36 منٹ قبل

French PM resigns after 26 days in office
- 4 گھنٹے قبل

First supermoon of the year to light up skies tomorrow
- 2 گھنٹے قبل
President Zardari summons Interior Minister Over Sindh-Punjab flood relief tensions
- 2 گھنٹے قبل

Gold prices hit all-time high
- ایک گھنٹہ قبل
Interior Ministry clears Badini border opening
- ایک گھنٹہ قبل

China becomes first country to produce flying wind turbine
- 2 گھنٹے قبل
Google Maps to add one-click switch between street and aerial view
- 3 گھنٹے قبل

Gaza War: Details released of Israeli soldiers killed in 2 years
- 2 گھنٹے قبل
Bangladesh completes 3-0 clean sweep over Afghanistan in T20 series
- ایک گھنٹہ قبل

Solar storms may triple heart attack risk for women, research shows
- 2 گھنٹے قبل