FBR Organizes Event to Aware People About POS; What is POS?

A statement was made on Saturday by the Federal Board of Revenue (FBR) at Packages Mall in Lahore in order to create awareness amongst citizens of the FBR related billing system.

An workshop aimed at learning about the installation and services of Point of Sales (POS) equipment at large retail outlets for both customers and retailers.

The program included FATE Secretary Alam Zaib khan and PR Secretary Adnan Akram Badjawa, appointed officers of the FBR HQ, led by Tehmina Aamer, Chef, Faciliitation & Customers Education.

Lot of people showed keen interest in the activities of the program and appreciated the steps taken by FBR on Point of Sales (Linked Invoicing System).

The people were informed as to how they could verify about their paid taxes through Tax Aasaan application. The retailers were convinced to get their businesses linked with Point of Sales Linked Invoicing system. The flyers containing information about Point of Sales and gifts were distributed to the people on the occasion.

What is POS?

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The point of sale (POS) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment.

It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically

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