S.R.O. 895(I)/2008, Islamabad, the 27th August 2008

SROS: S.R.O. 895(I)/2008, Islamabad, the 27th August 2008 THE FEDERAL BOARD OF REVENUE IS PLEASED TO DIRECT THAT THE FOLLOWING FURTHER AMENDMENTS SHALL BE MADE IN THE INCOME TAX RULES, 2002 S.R.O. 895(I)/2008, Islamabad, the 27th August 2008:- In exercise of the powers conferred by sub-section(1) of section 237 of the Income Tax Ordinance, 2001(XLIX of 2001), the Federal Board of Revenue is pleased to direct that the following further amendments shall be made in the Income Tax Rules, 2002, the same having previously published as required by sub-section(3) of the said section, namely:- In the aforesaid Rules, after rule 30, the following new rule shall be inserted, namely:- 30A. Electronic tax register.- A person required to use an electronic tax register shall- (a) install the electronic tax register(ETR) within seven days of its authentication by Commissioner holding jurisdiction over such case and obtain a register identification number (RIN) for permanent affixture on the Electronic tax register; (b) use the electronic tax register to record only his own sales and ensure that each sale is made through it and print the receipt of each sale containing the information in accordance with sub-rules(3) and(4) of rule 29 and rule 30, and to deliver the original receipt to the purchaser; (c) in case of non availability for use of the electronic tax register, the sales may be recorded with the use of a substitute electronic tax register, duly…