Sales tax invoices mandatory on advance payments
ISLAMABAD: The Federal Board of Revenue (FBR) has made sales tax invoices mandatory for registered taxpayers on advance payments received against future supplies. The new procedures notified through SRO2063 of 2026 also require taxpayers to declare output tax in the return for the tax period in which the payments are received. Under the new rules, taxpayers receiving multiple advance payments…
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Sales tax invoices mandatory on advance payments (opens Dawn in a new tab)
ISLAMABAD: The Federal Board of Revenue (FBR) has made sales tax invoices mandatory for registered taxpayers on advance payments received against future supplies. The new procedures notified through SRO2063 of 2026 also require taxpayers to declare output tax…
