Sale Tax Return Filing 5 Tips | Double check before filing of Return | FBR | IRIS
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- Опубліковано 5 лют 2025
- • 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
Excellent work sir , thank you for all these guided lectures with useful tips 💕
Thanks and welcome
Great person who is serving people in positive way 👍🏼
Jazak Allah
سر بہت زبردست. آپکا چینل اور وڈیوز بہت اچھی ہیں.
Jazak Allah
Good and easy to understandable example
Jazak Allah
Thanks for comprehensive revisions
Most welcome!
Faheem sb,please refer your lecture on fuel card for goods transporter payment
?
Thanks sir
Assalam o Alaikum Sir Great
;)
Allah apko sehat aur lambi zindagi de (amen) one request sir kindly make video on how to deposit capital gain tax in iris portal full method cpr tk JazakAllah in advance
Ameen
Sure later I Will explain
I recommend tax learners to excel in accounting cycle comprising of
General journal
Ledgers
Year/ period end Adjustments
Rectification of errors
Pre closing trial balance
Closing process
Income statement
Post closing trial balance
Balance sheet
Opening entries
Reversing entry
And
Concept of books of prime entries involving control accounts.
The concept of annexure F can only be guaranteed if ,as per faheem sahab too, command over book keeping is solid
Otherwise in this fast changing internet enabled world survival is bleak.
Agreed
Jazzak Allah
Great sir' i question is here that i still face the issue regarding 3rd scheduled goods system generate 10% etc' Do u have knowledge about that?
did you check lecture of 8B?
Federal Purchase data not upload in provinces Returns Please make a short video on this issue
service data added in new return, for some tax payers, backend FBR team working on this issues
sir
import value assesment ki base per Including CDAnd ACD hati hay jabka Account me purchase value actual Jo LC k through Bank se hoti hay . On me difference hota hay. Wo kise justify karayngayn.
stock booked as per GD rate and duties including clearance cost, one lecture already available on this topic named: Import product costing, pls check.
2nd the difference between LC rate and GD filing or cost booking rate is charged directly in profit and loss account name exchange gain and loss
A.A.
Sir ager input tax output tax se ziada ho then kia concept ho ga
10% need to pay, in some cases 5% if 3rd schedule goods then no payable
Sir Sales tax mai Refund claim krny ki video b banay
Sure in future
sir srb ki invocies show horhi h invoice management mai june and july ki asa q?
or debit note ka issue slove hoa?
in invoice management Tax this is ledger, and ledger always shows record up to date, but in annex-C only relevant month will be appear, just for information they update and share this data in invoice management TAB
Sir Point # 5 in reconciliation, Purchase in Annex-A is equal to Net Purchase Excluding (Input) in accounts, and Annex C Sales (Excluding Output) is equal to Net Sales in Accounts. Is I am right?
yes both purchase and sale should be excluding sale tax , as mentioned in recording point
Bhai I differ cuz you used the term NET SALES.
This term attracts turnover tax. Besides that net sales is gross sales ( net of GST/FED extra sales tax
Less
Sales return as per annexure I
LESS
discount allowed ( in certain cases)
@@zafarfarhan428 yes agreed, we just tame example, other part we need to follow as per rules
How to file null sale tax return if there is more than one business registered on one ntn ?
Check lecture of Null return
Sir WHT k issues kb tk resolve ho Gaye?
Sale tax withholding?
WHT statement jski date 2o Dec 2o21 they?
@@arifuddinq233 20th January 2022
G sir
@@arifuddinq233 now ok
Sir still purchase invoices are not shown in my annex a
What can I do
did your supplier submit annex-C? check and push him for submission
Sir, during purchases, do we have to withheld both sales tax and applicable payment tax?
Pls check lecture of withholding sale tax
Sir, Sngpl bills or service invoices shown in sale ledger but not in Annex-A. How can be import????
search in annex-a by adding their registration #
Sir mere 3 returns the jis me sy 2 submit ho gae or 1 submit nahi ho raha hy jis me "CALCULATION MUST BE EXECUTED BEFORE SUBMITION" error araha hy. Kia karna chaye.
press on calculation TAB, if still same issue, unsuits annex-c and submit again, it will be clear
@@faheempracticallearning thnx sir submitted successfully
Sir degital payment k extend date kb tk k hye??
31st Jan
Sir koe circular Aya hye ?
Ok sir thank you,,,
Wait let check the latest updates,
Salam sir
I want to submit sale tax registration for AOP but error is occurring by sayin cell number not verified, I try many numbers but same error is responding plzz help what to do sir
Share error screen shot on FBR helpline
sir how to file nill zero sales tax return for a month...plz guide
already have lecture on this topic pls channel
@@faheempracticallearning can u plz share that video link
Aoa.. Sir thodi si information chayhe thi hmari dec ki import abhi tak portal par upload nahi hui.. Any solution?? Kindly rply me
delete form 26 and again select from declaration, after that it will be appear
@@faheempracticallearning sir if we delete frim 26 and Again select from declaration , will the already uploaded , claimed data in Annex.C and Annex A will reappear automatically ?
Sale tex return file ho rahi hae k nahi.pl guide
in some cases, it is available but my suggestion is wait till deadline this month 28th is last date
Can you please tell me how i can fetch cash purchase on Annex-a ,local purchases
Bcz i do submit only Annexure-c 17% total tax but after watching your video 5 tips its seems i can pay less GST tax by minus (C-A )
check lecture of annex-A, already explained how to load purchase data, available on channel
I am supplier
Client jo 17% gst deta hai ma direct annexure-c main dalta hon and submit karta hon , lakin purchase record nahi karta lakin ager ma purchase record karon jo cash ma hoti hai meri. Tonkr sakta hon
@@zohaibabro your sale in anne-c and your purchase in anne-a, if cash or unregistered purchase you can enter manual, check lecture on this topic
If on cash and i do enter data in Anex-A with standard rate 17% only,
&
main sales Anex-C kar k submit kar sakta hon. No input only Output tax
@@zohaibabro annex A not allowed for 17% self entry
Sir, kindly make a video on where to apply ST 17% in case of Manufacturing concern.. for example: BOM = 40,000 ex. Value of ST
FOH = 4,000
Profit M = 2,000
So, where to apply 17% out put tax and what will be the retail price for the Sale tax invoice? Sir, kindly make a short video... Thanks
Bill of material+Fixed and variable overhead+ profit = seling price * 17% on this price
sure in future i will explain in detail
@@faheempracticallearning sir kindly ASP
From where i can find this below option in new Return as in Payable no 24 is only giving no option.
Whether exclude from Section 8B(1), under SRO 1190(I)/2019 Yes Reason: 3rd Schedule supplies exceeds 80% of all taxable suplies
already have one lecture on this topic pls check section 8B lecture
@@faheempracticallearning so it is still not fixed for 3rd Schedule rather it is not giving me yes option at all
@@CuriousMudasser in previous return it is available?
@@faheempracticallearning in previous returns on previous portal yes it was available, now this Iris Portal no 24 only no is active yes option is not even active
Oh
Faheem bhai Bismillah sahee prha krain. Ap educated hain laken Bismillah sahee nhi prhtay bhai
It is ok, any issue
May be some recording issue