Shocking News: FBR Announces Prize Scheme for Tier-1 Retail Customers – Big Opportunity Revealed Today

FBR Announces Prize Scheme for Tier

The Federal Board of Revenue ( FBR Announces Prize Scheme for Tier ) has introduced an exciting new prize scheme aimed at customers who shop with integrated Tier-1 retailers and report unverified invoices. This initiative is expected to create a wave of consumer interest, offering rewards to those who report discrepancies in their receipts from large retailers.

The FBR’s official announcement, made through SRO 1513(I)/2024, amends the Sales Tax Rules of 2006, aiming to incentivize customers to assist in reporting sales tax fraud and incorrect invoicing.

How the Prize Scheme Works

The total prize amount and denomination will be determined by the FBR, which will reward customers who successfully report unverified invoices. These invoices are issued by integrated Tier-1 retailers, large-scale businesses whose sales data are electronically connected to the tax system.

To participate, customers must submit details of any suspicious invoices, along with their personal information, including:

  • Name
  • CNIC
  • Mobile number
  • IBAN (bank account number)
  • Proof of digital payment
  • A picture of the unverified invoice
  • A GPS-tagged image of the business premises

Customers can file their reports either via WhatsApp or through the official app provided by the FBR. However, failure to provide proof of digital payment will disqualify the customer from claiming a prize.

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Role of the Commissioner in Verifying Claims

Once an unverified invoice is reported, an alert is generated on the IRIS login of the Commissioner of Inland Revenue. The Commissioner is tasked with verifying whether the reported invoice is indeed unverified and if the customer is eligible for the prize. The Commissioner must also ensure appropriate action is taken under Section 33 of the Sales Tax Act.

It’s essential that customers provide complete and accurate information when submitting their claims. Any errors or incomplete submissions could result in delays in receiving the prize, with the responsibility falling on the customer for any such delays.

 

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Important Details for Participation

To avoid forfeiting your chance to win, customers must ensure that all submission criteria are met. Incomplete details, incorrect information, or missing proof of digital payment will immediately disqualify participants from the prize scheme.

The FBR’s initiative is designed to curb tax fraud and incentivize customers to take an active role in ensuring proper tax compliance by large retailers. By making the process digital and straightforward, the FBR hopes to increase transparency and accountability across the retail sector.

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FAQs

What is the FBR prize scheme?

The FBR prize scheme rewards customers who report unverified invoices issued by integrated Tier-1 retailers. The total prize money will be determined by the FBR, and customers are required to report suspicious invoices using either WhatsApp or the official app.

What information do I need to provide when reporting an unverified invoice?

You must submit your name, CNIC, mobile number, IBAN, proof of digital payment, a picture of the unverified invoice, and a GPS-tagged photo of the business premises.

What happens if my submission is incomplete?

If your submission is incomplete or contains incorrect information, you may experience delays in prize distribution, and the onus for such delays will rest on you, the customer.

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Is digital payment proof necessary to claim the prize?

Yes, if you fail to provide proof of digital payment, your right to claim the prize will be forfeited, according to the FBR.

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