No. 2(54)SS(BDT-1)GST/17230-R, Islamabad, the 1st February, 2024

SROS: No. 2(54)SS(BDT-1)GST/17230-R, Islamabad, the 1st February, 2024 Launching of Single Sales Tax Return. No. 2(54)SS(BDT-1)GST/17230-R GOVERNMENT OF PAKISTAN REVENUE DIVISION FEDERAL BOARD REVENUE INLAND REVENUE Islamabad, the 1st February, 2024 Subject: Launching of Single Sales Tax Return. In pursuance of the Government’s desire to facilitate taxpayers, promote ease of doing business and reduce compliance costs, FBR has developed a Single Sales Tax Portal/Return, in consultation with all Provincial Sales Tax Authorities, to simplify the process of filing of sales tax return. It can enhance users’ experience, minimize errors, and provide a centralized platform for accessing relevant tax information. It will also promote better compliance and facilitate easier communication between taxpayers and tax authorities. Streamlining processes and reducing duplication can result in cost savings for both taxpayers and tax authorities. 2. Through this portal i.e. www.iris.fbr.gov.pk. sales tax registered persons shall be able to file a single sales tax return instead of filing separate returns to FBR and each of the different Provincial Sales Tax Authorities. Thus, it will save time and effort besides simplifying the return filing process. It will minimize data entry and address the issues of data and calculation errors. The system will allow apportioning of input tax adjustment as well as tax payments across the sales tax authorities, eliminating the need for reconciliations and payment transfers. A great benefit of this system is that it will encourage harmonization of tax procedures across Federal…