The Federal Board of Revenue (FBR) has introduced the concept of 'credit and debit notes' in the federal excise regime on the pattern of sales tax to facilitate both the suppliers and the buyers in ...

Q:In a previous column, you warned that ARC has the right to put an agency in default and, in 30 days, terminate it, if the agency does not pay a single debit memo for an allegedly unauthorized credit ...

Northwest Airlines became the first U.S. major carrier to commit to using ARC Memo Manager, a Web-based tool to manage the credit and debit memo process, ARC officials said. Some 65 airlines have ...

Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation. Debit ...