The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every transaction under the Federal Excise Act, with the new condition taking effect from a date to be notified by the Board, according to the Finance Act 2026.
Under the updated law, persons registered under the Excise Act must issue an invoice, including an advance receipt invoice, for each transaction.
This requirement covers the clearance or sale of goods, including goods chargeable to duty at a zero percent rate, as well as the provision of services. Every invoice must bear a verifiable and unique FBR invoice number at the time of transaction.
Each invoice must be issued in Urdu or English and must contain the following details: the name, address and registration number of the seller; the name, address and registration number of the buyer; the date of issue; a description and quantity of the goods, or a description of the services provided; the value exclusive of excise duty; the amount of excise duty; and the value inclusive of excise duty.
The Finance Act 2026 also provides that the Board may notify specific persons or classes of persons who will be permitted to issue an advance receipt invoice under the notified system. The requirement for a verifiable and unique FBR invoice number will come into force only from the date notified by the Board.
