Sale Tax Understanding Six Quick Tips | Sale Tax Basic concept | FBR | Sale Tax Act 1990
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- เผยแพร่เมื่อ 21 ส.ค. 2024
- • SALE TAX AND INCOME TA...
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Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231A Advance tax on cash with drawl
7. Section-231AA and 236P Advance tax on certain banking transection
8. Section-231B Advance tax at the time of registration of private motor vehicle
9. Section-235A Tax collection from domestic electric bills
10. Section-236 Tax collection from telephone users
11. Section-236B Advance tax on purchase of domestic air ticket
12. Section-236D advance tax on function and gathering
13. Section-236F Advance tax on cable operator and other electronic media
14. Section-236G Advance tax on sale to distributor, dealer and wholesalers
15. Section-236H Advance tax on sale to retailers
16. Section-236I Advance tax by educational institutions
17. Section-236U Advance tax on insurance premium
18. Section-236X Advance tax on Tobacco
19. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
20. Fine and penalties
21. Section-177 Audit
22. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731
Really admire your erudition for making complicated concepts easier for us. Jazak Allah.
;)
Please turn off the notification sounds coming from your mobile. I used headphones to listen to your lecture, and that notification sound was very anoying, even though your work is commendable.
Yes sure
Thanks for the video .. basic cheezen bhi batyaa kren sir isi trha se
Sure
outstanding concepts
;)
You are a Hero sir, But Agar Ap whatsApp Web Off kr lia karien Vdo k Doraan tu ziada behtar ho jayee ga result
yes sure
sir please create playlists of every topic separately
Great information
👍
Sales tax return IRIS mein jab sab sale invoices add kar kay submit kartay hein
Phir print option click kay bad pdf mein file open hoti ha..uss mein sales invoices show nahi hota
Excel file mein sales invoices kafi expand hua wa hota ha ..uss ko pdf mein conversion kartay hein to slaes invoice column alag alag page par show karta ha
Learn excel how to save excel in PDF and reduce page size
Great sir
👍
Salam , please make a video on how to file Withholding tax , Sales Tax and Income tax also the concept of adjustment
Yes this detailed part covered in proper classes
Thank you sir
;)
U r doing wonderful work
Jazak Allah
sir kindly guide YES option in section 8B is disable in case of third schedule item of 5 clients but 2 clients this options is enable . i think yes option should be enable in each case
Share screen shot with FBR on email within 48 Hours it will be activated
Well knowledge
Government is discouraging businesses to come in market. System should be made simple for common people to understand
Agreed
Great sir.
Too complex in manufacturing business. U should make a case study. U should give some item names as example.
Yes this detailed already covered, in proper classes
Super Bhai
👍
Sir, should we adjust the inadmissible input tax arising as a result of "Residual Input Tax" working in Column 7 of the sales tax return every month?
And what about the inadmissible input. We were not adjusting regarding exempt supplies. Should we make an adjustment in annual return?
both monthly and annual we need to adjust,
Thank you 😌
Pls manage lectures serial wise as done by shehzad uttra
You can search with, any topic
Making complex things easy 👍
Thanks
Brilliant Sir...
Jazak Allah
And sir please make one video about preparation inspector inland revenue and important sections details
yes sure
Every consumer/purchaser paying GST, is it being collected and going in treasures
😀
SIR MAKE VIDEO OF EXPORT(D) ACCORDING TO NEW SALES TAX PORTAL HOW TO UPLOAD DATE AND RELATED ASPECTS
Sure in future
Some questions about withholding of sales tax
?
Pls make a video on MRP and Non-MRP items for tax purposes.
Already have check lecture on channel
I am a retailer Medical store hai. Sir medicine purchase ho rahi hai bulk me to usme Kuch 17% b charge horaha hai Kuch 0% b hai or Kuch Exempt goods b hain.
To sale kese show Karun inki. Jab Mai sale Kar Raha Hun Customer ko?
Aoa
Sir turnover tax kisay kehty han? Or wo kesy kam kerta hy?? Plz reply
bahi achi video he magar ye har thori deer me aik bell bajne ki awaz arahi he jis se bat samhaj nahi arahi he
;)
Sir please make more videos about this topic
yesterday also uploaded one new lecture, pls check
FAHEEM SAHAB, RETURN ME INADMISSIBLE KE COLUMN ME JO TAX SHOW HO RAHA HAI, WO KESE NIL KARAIN。
check which party not deposited
Please make a video on annex-J and F and H
Sure in future
TO add Taxable sales plus exempted sales. And what about zero rated taxable sales to calculate
Zero rated, we can file applications for refund
Sir jewlers per 3 percent sales tax hai, but what if thwy buy jewellery? Uski koi entry hogi? Kindly thora sa explain karyn.
Not get your point, what is your question
Sir jewelers sale per 3% salestax katyn gay, per jewlers logo say jo jewlery purchase karyngay usper bhi tax hoga....
Sir if we have input in fbr and we have sale it on contract in SRB output 8%. How can we adjust our input ?
Supplies input not adjustable against services
@@faheempracticallearning i understand but there is Contract with supplies and installation... is there any way to minimize tax.
There is a issue that VAT (Annex F) amount is showing in row 30 payable section. While there is also an excess unadjusted credit (due to higher Input tax against lower output tax ) and so Input tax should be reflected in row 30 to carry forward for next month tax period. We are confused why VAT is showing in row 30 instaed of Input tax ?
if on page balance is ok as per your calculation, just put difference in annex-F and match with main page
@@faheempracticallearning Sir, First of all thank you for replying.. Everything in the main data page is OK and after Input tax vs Output tax as per our calculation there is Excess Input tax which must reflect in row 30 credit carried forward for the next month.... Only VAT value on row 27 which comes from Annex F form is creating problem on row 30... Sir do you think is it appropriate to put the difference value in Annex F form in order to match with main data page ?
@@rizwanchandiwala if as per your calculation this is value not ok, then you can make adjustment, no issue for this, check previous return data also, may this issue, carry from previous months
Asalam O alikum (Output tax is applicable on End consumers, as most consumers are not tax registered )
No,
@@faheempracticallearning schedule 3 items ???
@@learnwithmuhammadshaheer5265 Check lecture of 3rd schedule items
Nice
Kindly confirm kr dain k uger siruf rental income ho to plaza ka property tex rental income may adjust hoga.
Only 20% deduction in expenses allowed
th-cam.com/video/5uHMkzGMTNM/w-d-xo.htmlsi=2eV5S5gIFY4NeBnV
Sir main NY uper app ki viedo copy link ki hy us may app NY btaya hy k property tex rental income may adugest ho ga kindly clear ker dain
If a customer is registered in income tax only and not sales tax it is considered a registered person? When a commercial importer make sales tax invoice of such person registered in income tax only will we have charge FURTHER TAX?
Unregistered,
Yes further tax applicable
@@faheempracticallearning
Jazzak Allah Khair
@@faheempracticallearning thanks for your help and cooperation.
Salam. What is sales tax rate on furniture. Means retailer of furniture?
17%
Sir appliances k trader annex c file krengey jab appliances end customer ko sale out krengey? Or just annex A file krengey l?
Annex A for purchase, 1st need to load and report the purchase, and annex c need to file when sale to customers
@@faheempracticallearning thank you sir
Thanks 👍
Welcome 👍
Great video 👍
Thanks 👍
Sir, kindly guide, whether Sale tax (ICT services) is levied on invoice basis OR on receipt basis, when customer pays the money. Thanks alot!!
السلام علیکم
Sir g jo govt supplier hai jo government department ko service provide kerty hai wo sale tax return kis tarha file krain ge anicex C us ki kindly vidio upload ker dey
same on IRIS, if supply and if service related to Punjab then in PRA
@@faheempracticallearning sir sale tax return ki bat ker rha hu PST nhi
@@faheempracticallearning jo general order supplier hai un ki bat ker rha hu
@@attockchannelreview9604 IRIS
Sir, I run auto repair workshop, when some company needs sale tax number for vendor registration. we do repair job by purchasing spare parts from local market.. do we need sale tax registration?
input tax ager importer sy purchase ki he os py income tax ni hoga?/
input tax is related to sale tax payment, and income tax is different thing. If importer sold in same condition as import, then with copy of GD and undertaking it will be no charge or deduction while making of payment to import, for all other condition need to deduct income tax
Kindly mute the WhatsApp tab when you record the video so the notifications do not disturb the viewer. Thank you :)
Yes sure
sir Value ex sales tax mein not a positive integar ka error kasy remove ho ga
download latest excel file and then upload
@@faheempracticallearning sir 3rd schedule mein sales tax mismatch ka error q ata hy... PRP pr sales tax calculate hota h
@@abdulsamad-zj2zj download new file, and try again
Tax Guru
;)
Sir, if there is any service invoice available in annex A so what should we do?
if relevant you can select, but input in case of supply we cannot claim
MashaAllah 👍
background notification has totally made the video very bad. 😕
Yes agreed, in next video updated
Sir Annexe F mai additional value mai masla arha h
which issue
Salam
Please guide; the importer has paid a 3% additional S-tax. Would this be adjusted for non-registered sellers?
Yes
Sir, advance tax ( export advance payment) deducted at bank can be part of input taxes ?
NO, THIS IS INCOME TAX
Assalamualaikum Sir Can You Please Tell me Poultry Deed Aditives are taxable or expempt
some part taxable, later i will explain
When new batch is starting.?
03007574731
whatsapp on this number for further details
Sir what and how input tax adjustment is mean
output-input=payable, if some input related to exempt supply, then this need to adjust in accounts,
Sir, still waiting for annex-F video
sure in future
There is an issue...agr sales kisi properitor ka cnic ki bajaye uska ntn pr dal gye ha aik tu system error b nh de rha annex-c submit b ho rha...lakin properitor ka annex A me purchase show nh ho rhe aur seller apne return b submit kr chuka ha...iska koi solution ha?
No issue, next month it will be showed,
@@faheempracticallearning confirm....ye issue resolve hojyega??
@@UbaidUllah-nj5et you can also share email with FBR, check NTN # ok?
@@faheempracticallearning yes the properitor ntn is ok....but the only problem is sales entered to his ntn instead of cnic...and to my surprise system did not disallow it and accept it....and i donnot know what will happen.now....
@@UbaidUllah-nj5et if NTN is same as on CNIC then, no issue, ask him to try again, share same case with FBR on email, screen shot of both parties
input tax customer deta hai kindly guide
No, customer paid output,
Sir it is necessary for every distributer who is filling STR has to file Withholding Statement as well?
Yes
Even nill if no transection
Q at 2:46
Yes
Sir ik cnic py kitnay business as a sale tax register kr skty hy?
No limit
@@faheempracticallearning sir pehlay waly business ki modification kr k us ki jaga new business ko replace kr skty hy?
@@zeshanali5385 you can add new business
@@faheempracticallearning thanks Sir
@@zeshanali5385 👍
Extra Tax 02% ha ya 2000 fixed ?
2%
سر کیا بھوسہ/توڑی پر سیلز ٹیکس لاگو ہوتا ہے؟
English name?
@@faheempracticallearning .m shahid
@@faheempracticallearning wheat straw
Salam
W.salam
Text notifications to bandd krdein bhaijan
😄
Awaz boh
at low hy
Too much irritating bell 🔔 🔔 🔔 of your cell phone.
Yes due to some issue with laptop
@@faheempracticallearning next time jab vedios banaein tu please ye bell off kar dijiye ga thanks
Yes sure,
@@faheempracticallearning sir are you practicing in Lahore?
Yes
Thank you sir