What Could Non-Compliance Cost Your Business?
FBR Digital Invoicing is not just about replacing paper or spreadsheets. When digital invoicing requirements apply to your business, following the applicable FBR process is important to avoid unnecessary compliance risks, penalties, and additional tax or filing complications.
Compliance Is More Than an Excel File
Keeping invoices in an Excel spreadsheet does not by itself complete the applicable FBR digital invoicing and submission process. Your invoices may need to be submitted through the required FBR channel with the relevant invoice information and response records.
Avoid Manual Submission Risks
Manual processes can result in incorrect tax calculations, missing information, duplicate records, or delayed submissions. A connected digital invoicing workflow helps reduce these risks.
Keep Every Invoice FBR-Ready
Create invoices with the required business, buyer, product, tax, and transaction details, then validate the information before submitting it through the FBR-connected workflow.
Know Your Submission Status
Don't rely on spreadsheets to remember what happened to each invoice. Track submitted, pending, failed, and rejected invoices, along with relevant IRNs and FBR responses.
Protect Your Business From Costly Compliance Issues
The cost of digital invoicing can be much lower than the potential cost of non-compliance. Depending on the applicable FBR provisions and circumstances, penalties may be significant and can include fixed and/or turnover-related amounts.
Important
If your business is required to use FBR Digital Invoicing, relying on Excel alone instead of following the applicable FBR digital invoicing process may result in penalties of up to Rs. 500,000, depending on the applicable FBR provisions and circumstances.