Punjab Revenue Authority Issues Notices to Over 70 Restaurants
For context, the Punjab Revenue Authority (PRA) has decided to strengthen digital monitoring and activate its vigilance wing after reports of tax evasion involving digital payments and fake receipts.
For context, the Punjab Revenue Authority (PRA) has decided to strengthen digital monitoring and activate its vigilance wing after reports of tax evasion involving digital payments and fake receipts.
Article outline
- What happened
- The key numbers
- The bottom line
Key points
- The authority has issued notices to more than 70 restaurants after complaints received through social media.
- PRA Chairman Muazzam Iqbal Sipra cautioned that the authority would take strict action against local and international food chains and coffee shops that refuse to accept digital payments.
- Sipra remarked businesses must receive digital payments through their officially declared accounts to prevent record manipulation.
- The chairman issued these directives while chairing a session to review the performance of enforcement teams.
PRA Chairman Muazzam Iqbal Sipra cautioned that the authority would take strict action against local and international food chains and coffee shops that refuse to accept digital payments. FIA Uncovers Rs. 120 Billion Online Gambling Network.
Sipra remarked businesses must receive digital payments through their officially declared accounts to prevent record manipulation. He additionally directed office-holders to create QR codes mandatory on receipts generated through the Electronic Invoice Monitoring System (EIMS) to enable immediate verification.
In practice, the chairman issued these directives while chairing a session to review the performance of enforcement teams. He instructed the PRA commissioner for the Lahore Division to accelerate field operations. PAAPAM Warns EDB's Applied Vehicle Import Policy Threatens 300, 000 Jobs.
Notably, the authority has issued notices to more than 70 restaurants after complaints received through social media. Sipra remarked businesses have a legal and ethical responsibility to deposit the taxes they collect from customers. He cautioned that the PRA would impose heavy fines on businesses that collect taxes fraudulently but fail to deposit them. Stay Connected with ProPakistani. Obtain the latest news and stories wherever you prefer. Follow on Google Discover. Follow on Google News Join WhatsApp. See more ProPakistani stories in Google Search and Top Stories.
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