Very good lecture, I have viewed this video several times and also made this Excel sheet which is very helpful. Thanks a lot Faheem sb One question I have is how will we record sales tax consumed in Annex F in case our 90% input tax adjustment is allowed to be adjusted against sales.
Sir 1 distributor hy.. let suppose k 100 purchase value hy and sale 120 hy to stock as per formula minus show krta hy.. is ko manage kasy kary.. FMCG mein sale mostly ziada he joti.. to stock in hand kasy show kren..plz guide
ASALAM O ALIKUM SIR ek sawal tha sale jo column ap ne bnaya hai ies mai finish goods b add hain??? mtlb march me production ziada hai aur sale km hai to balance finish goods ap k sale column me add hai kia??
Salam if we have stock in hand is more but purchase value is less how we adjust. Because seller not include extra charges in invoice but we have to add additional charges including freight and loading then how we adjust
Sir, sales tax status agr, tax payerprofile inquiry tab ma 'operative' aarha ho, to kya ya active hota ha or it should be checked from e.fbr . Thank you!!
Annual income tax return mai opening closing. Aur salex tax anexer f mai opening closing stock same naih ho ga in the case of commercial importer because anexer f mai custom valuation ruling rate apply hota hai jo kay anexer b sai f mai a gata hai aur actual mai income tax return mai ap nai import value write karni hai valuation ruling naih write karni is laya. Anexer f and income tax return mai stock same naih ho sakta declared value our customer acces value different hotai hai
AOA-JUMA MUBARAK- FAHEEM SB, Inn my ST Return 1. Annx J for 01/2022 is missing and even no option to reload, 2. Annx F No opening Balances, 3. Sales returns at POS (retail sale returns) for 12/2021 disallowed, What should I do report FBR or wait for another extension
Sir annex f mn local purchase or import dono hain to sale mn kuch part local puchase ka sale hoa kuch part import ka apne dono ki working same hi ki sale-return+scrap?
Agr aik company imports krte ha electric appliances aur domestic purchase krte ha woh supplies like electric appliances ki packaging etc...tu hum ye supplies ki consumption kse dalengy...like kia hum percentage of imports consumption ka lihaz se he supplies ko consume krdengy?
@@faheempracticallearning if import are consumed 60% in a month in annex -f imports section we will put 60% value in consumption...same is case with supplies?60% consumption value of supplies in domestic consumption?
Should I maintain every purchase from unregistered person to be declared either manufacture or trader in Annex in order to maintain inventory reconciliation ?
1). Purchase mn utility like K.Electric k bhi show ho raha hota ha to kia usy less kerna ho ga. 2). Purchase 90% allow hoti hn remaining carry forward mn jati ha tu hum consumption 90% ln gy ya 100%
We're also claiming services that surely increase purchase value along with relevant Input. Sir, my question is how can we tackle both Services and Raw material Purchases in Annexure-F. As you know that purchases accumulated with both services value and raw material value in sales tax return. Kindly guide me in this regard.
@@faheempracticallearning Thankyou for reply ... Got withheld paymemt by providing withheld statemnts ... Kindly cnfrm ... chllan creation is still from old portal or there is option in iris?
How a distributor will calculate cost of consumption , since he will sale on the sale price mentioned by company ? Secondly sir sales tax wala closing balance b maintain krna zarori h in annex f ?
Asalam o Alaikum, my name is Abdul Haseeb from Karachi sir i need your assistance. Sir i am facing a problem in annex F sales tax return for the month of April. sir when i click submit button the massage appears Negative Value(s) are not allowed in Annex-F. sir how to resolve this problem SCREENSHOT ATTACHED.
@@faheempracticallearning if i don't enter annex c amount in to annex f and submit it that ok only in april return ? in May return i will properly enter all amount in annex f
Faheem sb plz guide if we have no sales tax carryforward in main return page then we also carryforward value in annexure F or not because we have stock.
Sir, you know, in Income tax return, all financials profit, loss are shown. wether data opening stock, closing stock should be tally with annexture F/H wether cross matching of Income tax return data must be taken from sales tax annextures?
Brother, Being a commercial importer I add sales invoices into the sales tax ledger for the preceding month and then calculate all relevant Annexure including Annexure F in a sales tax return. The system auto-calculates all the data in Annexure F. In my scenario Am I required to add manual entries in Annexure F?
Till December 2021 I was submitting null returns but in Jan 2022 started to submit returns with sales invoices and didn't consider this part of manually adding entries of sold items until watch your video. But in my scenario in which column of Annexure F to add entries manually of sales of the preceding month?
Dear, we are claiming input sales tax of services during the construction phase the project is still in the construction phase, so should I consume all accumulative services appearing in Annex-F during the construction period, or should I wait for the commercial operations to start
Sir Sale Tex Return Form m sale tax credit yani Annex A and sale tax debit yani Annex C ok Hain Jo sale tax hum bank m deposit karwaty Hain 10% is Ki value q pick kar K carry forward Karta Hai jis Ki wajha say Mera Annex F ka balance match Nahi Karta plz response. Lot of thanks Best regards Atif Jeelani
sir im filing my saletax return 1st time. after annex-A and Annex-c feeding no value is appearing in Annex-F like opening stock, or closing stock etc Annex-F is appearing blank mean every thing is zero there. how can i fix this
Very good explaination
MashaAllah U Are Making Our Life Easier THANK U JAZAKALLAH
👍
Faheem sb Excellent learning without any consideration , hats off Jazak Allah
👍
It is outstanding your sincerity to replay every questions. Jazak Allah
;)
One of the best video as well most important matter you have raised and giving wonderful way to deal with it, Thank you sir.
Jazak Allah
Great 👍 sir really informative for me
😀
Thank you for the wonderful lectures
Excellent information
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Jazakallah khair. You are a good teacher
;)
Jazak Allah Sir
Nice Programe
Jazak Allah
Annex F me Sales tax value konsi leni hai 90 % wali ya Salea k samne Jo 17% ati hai wo?
Very good lecture, I have viewed this video several times and also made this Excel sheet which is very helpful. Thanks a lot Faheem sb
One question I have is how will we record sales tax consumed in Annex F in case our 90% input tax adjustment is allowed to be adjusted against sales.
Report 90% because this is actually consumption
@@faheempracticallearning Thanks a lot for your advice.
JazakAllah
Sir 1 distributor hy.. let suppose k 100 purchase value hy and sale 120 hy to stock as per formula minus show krta hy.. is ko manage kasy kary.. FMCG mein sale mostly ziada he joti.. to stock in hand kasy show kren..plz guide
ASALAM O ALIKUM SIR ek sawal tha sale jo column ap ne bnaya hai ies mai finish goods b add hain??? mtlb march me production ziada hai aur sale km hai to balance finish goods ap k sale column me add hai kia??
Salam if we have stock in hand is more but purchase value is less how we adjust.
Because seller not include extra charges in invoice but we have to add additional charges including freight and loading then how we adjust
Without, stock how possible, more thn purchase
Sir, sales tax status agr, tax payerprofile inquiry tab ma 'operative' aarha ho, to kya ya active hota ha or it should be checked from e.fbr . Thank you!!
No, check in active sale tax list
Material intransit ka treatment kya hoga AnnexF me ?
Annual income tax return mai opening closing. Aur salex tax anexer f mai opening closing stock same naih ho ga in the case of commercial importer because anexer f mai custom valuation ruling rate apply hota hai jo kay anexer b sai f mai a gata hai aur actual mai income tax return mai ap nai import value write karni hai valuation ruling naih write karni is laya. Anexer f and income tax return mai stock same naih ho sakta declared value our customer acces value different hotai hai
yes make reconciliation of difference, in case of any notice, we can reply with evidence
AOA-JUMA MUBARAK- FAHEEM SB, Inn my ST Return 1. Annx J for 01/2022 is missing and even no option to reload, 2. Annx F No opening Balances, 3. Sales returns at POS (retail sale returns) for 12/2021 disallowed, What should I do report FBR or wait for another extension
1st FBR team working on this issue
2. press on calculate button
3. This issues now ok, and resolved for most of tax payers
4. Extension Quiet possible
Sir for sales tax consumed/sold during the period which sale tax would be taken whether sale tax on sale prize or purchase prize
from annex-C
Sir annex f mn local purchase or import dono hain to sale mn kuch part local puchase ka sale hoa kuch part import ka apne dono ki working same hi ki sale-return+scrap?
How to file annex F in case of retailer . Kia consumption wala portion ma jitni sale kia ha wohi value aya gi?
cost not sale because consumption link with stock
Kindly guide
If we omit to show consumption in annexure F for months can we show that in the next coming months ?
Yes
but pls make sure, at the end of tax year it should be same as actual
Agr aik company imports krte ha electric appliances aur domestic purchase krte ha woh supplies like electric appliances ki packaging etc...tu hum ye supplies ki consumption kse dalengy...like kia hum percentage of imports consumption ka lihaz se he supplies ko consume krdengy?
same mentioned in lecture, report sale and purchase, easy thing and simple logic
@@faheempracticallearning if import are consumed 60% in a month in annex -f imports section we will put 60% value in consumption...same is case with supplies?60% consumption value of supplies in domestic consumption?
Sir in this formate Stock means Raw material or Finished Goods for manufacturing company ?
Yes both stock
sir shopping ki payment card say krnay say kia gst reduced hujata hay?
yes if POS invoices
What figure will we take in "CONSUMED/SOLD DURING THE PERIOD" in Part 3 of Annexure "F" ?
consumed already explained in lecture
Should I maintain every purchase from unregistered person to be declared either manufacture or trader in Annex in order to maintain inventory reconciliation ?
yes all stock that was purchased for reselling purpose we need to report
Sallam Dear ,
Can you please share all of the advantages and disadvantage of being register for Income and sales ??
Thank you
yes already have, check channel many available
@@faheempracticallearning
Thank you for your reply I have checked but not found can you please share link 🔗 here
Sir Can we maintain Raw material consumption and finished goods separately with the above formate
?
yes, my suggestion summary should be one, but backend working will be separate, so that easily we can review
How can we adjust wastage can you please demonstrate it with exampel in excel and complie that woring with annex F?
1). Purchase mn utility like K.Electric k bhi show ho raha hota ha to kia usy less kerna ho ga.
2). Purchase 90% allow hoti hn remaining carry forward mn jati ha tu hum consumption 90% ln gy ya 100%
This is only related to stock same discussed in summary sheet, sale tax 90% allowed, not purchase value
Aslaam-o-Alakum Sir! Annex F is mandatory for every Filer or only file in case of Sales Tax C/F.
For every registered person how are filing FBR sale tax return
We're also claiming services that surely increase purchase value along with relevant Input.
Sir, my question is how can we tackle both Services and Raw material Purchases in Annexure-F.
As you know that purchases accumulated with both services value and raw material value in sales tax return.
Kindly guide me in this regard.
Annex F only deal with supplies.
But purchases also includes services. How to deal with this scenerio?
@@musarratshaheen213 annex F only deal with stock supply,
mujhay b samjhaadena agar aap samajh gaey hyn
If not filed yet, how to tackle this.. Kia next month se start karie?
yes immediately start
aoa sir kindly 1/5th or 20% sale tax withheld kysy load kryn last month ka is portal pr ye bta dyn...
Till now no update from FBR side, may be in future it will same like old portal
@@faheempracticallearning Thankyou for reply ... Got withheld paymemt by providing withheld statemnts ... Kindly cnfrm ... chllan creation is still from old portal or there is option in iris?
bro sales tax ki revision kab tak aye ge dec 2021 ki ya jan 2022 ki ???????
Visit local office if need urgent revision
@@faheempracticallearning bro RTo wale b ye he kehte he k koi option nhn abi sales tax return may revision ka
AoA Sir,
Please guide me from where the amount in columns K and L was taken? In other words, how the Rs 11,155/- (L7) was taken?
Sir Financial stocks are not appeared in Annexure F and how can we match with this
purchases auto reported
Sir Annex-F may jo sale tax ka closing balance aata hy us ko sale tax return may accumulated Credit kay equal hona chai da hy ya nai?
Yes
What if we are manufacturers and submitted Sales Tax Return for last 4 years without filing annex F?
immediate start, any time they can ask, and this is also requirement
@@faheempracticallearning but how to mention consumption of last 3 month in latest month???
@@ozigroupaccounts7161 make calculation and match closing stock and annex F, if closing ok then understood cost is also ok
Sir what about Electricity invoices becoming part of Annex-F ?
How to treat it
just consume, make closing stock as per actual
How a distributor will calculate cost of consumption , since he will sale on the sale price mentioned by company ?
Secondly sir sales tax wala closing balance b maintain krna zarori h in annex f ?
Purchase value
Asalam o Alaikum, my name is Abdul Haseeb from Karachi sir i need your assistance. Sir i am facing a problem in annex F sales tax return for the month of April. sir when i click submit button the massage appears Negative Value(s) are not allowed in Annex-F. sir how to resolve this problem SCREENSHOT ATTACHED.
Double check all record, data entry not ok in annex-F
@@faheempracticallearning if i don't enter annex c amount in to annex f and submit it that ok only in april return ? in May return i will properly enter all amount in annex f
Faheem sb plz guide if we have no sales tax carryforward in main return page then we also carryforward value in annexure F or not because we have stock.
Both should me match, main page and annex F
@@faheempracticallearning Ok sales tax will be same but how can we manage values
@@azamhussain8461 check lecture annex D
Dear Mehboob sb, I have more stock than calculated in annexure F. Although I file exact sale and purchase. Am I still committing a crime?
stock should me same , if some unregistered purchase not declared, then try to add from next month, but we need to report
Sir, you know, in Income tax return, all financials profit, loss are shown. wether data opening stock, closing stock should be tally with annexture F/H
wether cross matching of Income tax return data must be taken from sales tax annextures?
Data should me match, same explained in lecture
In consumed value we have our purchased value
In consumed gst value we have to put our purchased gst value or annex c sales gst value kindly guide ?
Brother, Being a commercial importer I add sales invoices into the sales tax ledger for the preceding month and then calculate all relevant Annexure including Annexure F in a sales tax return. The system auto-calculates all the data in Annexure F. In my scenario Am I required to add manual entries in Annexure F?
Consumption not auto calculated
Check again
Till December 2021 I was submitting null returns but in Jan 2022 started to submit returns with sales invoices and didn't consider this part of manually adding entries of sold items until watch your video. But in my scenario in which column of Annexure F to add entries manually of sales of the preceding month?
@@sens721 dear check lecture again in detail all explained
What stock price should be considered while preparing a stock statement when I have multiple purchases at various prices in different months?
Sir we are not maintaining Annex F For Last 3 Year and there is huge difference . what Should we do now to rectify it
Immediately start
Assalamoalaikum Sir.
I forgot to file the Annex F in previous 2 months. Now balancw is carried forward. Pls suggest me how to overcome this issue?
Just start from this return, match closing balance and carry
Dear, we are claiming input sales tax of services during the construction phase the project is still in the construction phase, so should I consume all accumulative services appearing in Annex-F during the construction period, or should I wait for the commercial operations to start
Annex F only deals with Supply of goods. Any difference due to services will be recorded in monthly reconciliation statement.
Sir agar annex-f fill kia bagair return sumit ki ho to us ki bad ma correction kase karni hai?
Follow from next month
Sir, Annex-a ma registered pruchase to automatic aa jati hai.. unregistered purchase add karna zaroori hai kya.?
@@pkgamer7617 yes
@@faheempracticallearning sir, hamari shop ki return adu file karta hai us ne to kbi b unregistered purchase add ni ki hai
Lakin ap ka jo closing stock h wo next year k opening stock sa different h
We are only discussing one year, check opening of July
Sir Sale Tex Return Form m sale tax credit yani Annex A and sale tax debit yani Annex C ok Hain Jo sale tax hum bank m deposit karwaty Hain 10% is Ki value q pick kar K carry forward Karta Hai jis Ki wajha say Mera Annex F ka balance match Nahi Karta plz response.
Lot of thanks
Best regards
Atif Jeelani
Sir agr kisi ne annex-f kabi file nh kiya ho isy ignore kr diya ab kya kary?? Plz reply
sir im filing my saletax return 1st time. after annex-A and Annex-c feeding no value is appearing in Annex-F like opening stock, or closing stock etc Annex-F is appearing blank mean every thing is zero there. how can i fix this
Press calculate button in annex F Tab
@@faheempracticallearning i pressed it many times but did not get any amount there
@@zahidch-hq5jh you have any registered purchase?
@@faheempracticallearning yes i have two registered purchases for the month of Nov. i claimed that invoices in annex-A
@@zahidch-hq5jh submitted annex C and thn try, if still some issue call FBR helpline explain all case
Annex F kia kisi manufacturing company k liye lazmi hai kia..?
Yes
السلام علیکم
Sir i want your opinion about 2 questions regarding Annex-F....if you have some time then plz rply....
w.salam. yes you can mention your question
😍
Sir great efforts no d
Jazak Allah
agr hamara business live stock ka he like poultry to hm annexure F kaise file krenge hm sirf medicine purchase kr rahen hen nothing else
LOVE YOU
SIR JEEE
;)
SIR YOUR CLOSING AMOUNT NOT MATCH OPENING AMOUNT WHAT IS THE REASONS?
how to calculate sales tax and VAT consumed by a commercial importer?
Check import lecture
@@faheempracticallearning Please share link of your Import lecture
@@rizwanchandiwala dear check on channel
@@faheempracticallearning Sir which date you uploaded Import lecture for Commercial Importers ?
AoA Sir, Kya service provider k case main main bhi Annexure-F submit Karna hai??
Construction services
If have stock then need to file
dear sir kindly share new links
Shared
Annex F do not reflect purchases from unregistered parties shown in Annex-A. Please comment on it.
Yes just report registered and make manual reconciliation for evidence
Sir
Last two sales tax returns mn annex F proper maintain ni kia
Ab kia solution hai es ka ?
No issue quickly file now
@@faheempracticallearning
Do i have to revise the return or i may file only annex F ?
@@motions7256 file annex F in current return
@@faheempracticallearning
Sir us mn jo previous balance show ho ra hai us ko kesy treat kerian gy
@@motions7256 make some proper reconciliation, use some logic
oh
Nahi samjh aya sir
Watch again
Thank you for your informative video. Kindly respond to my queries on WhatsApp 😢
For question use channel comments box dear
@@faheempracticallearning I'm talking about for student