The Federal Revenue Board has made it mandatory for all registered retailers to show the price and tax of the items separately..
In order to prevent tax avoidance on sales, all restaurants, bakeries, caterers and sweetmeat shops that supply prepared milk, milk and sweetmeats will now be forced to disclose prices and tax amounts separately on the menu cards or menu boards shown in their customer outlets.
The Federal Revenue Board (FBR) by an SRO 353(1) 12020 amended Sales Tax Regulations 2006.
It is also compulsory for all retailers to display prices and the amount of tax separately on the price tags attached with finished fabric and apparel made-ups and leather and artificial leather products produced locally.
The decision came when retailers selling fabrics on local markets started paying consumer sales tax at a rate of 17 percent on retail prices without listing the same on the price tag.
Extracted from City42 News
