Basic Concept of Annexure-F | Consumption of stock | Registered and Unregistered Purchases | FBR |

• SALE TAX AND INCOME TA...
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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-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. 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.
#annex-F#
Regards,
Faheem Mehboob
ACCA Member
03007574731

[@Aleee-ez6mu]

In case of Perpetual inventory we can manage cost of sale import (raw material + landed Cost) net value of inventory same as cost of sale (Import) and cost of sale manufacturing ( raw material+ packaging + overhead) net value of inventory same as cost of sale (manufacturing) separately in P/L Statement

[@faheempracticallearning]

yes but in annex-F we can report before adding any overhead, as in sale tax return in annex-A only purchase is reporting

[@wrfriends]

Excellent JAZAK ALLAH SIR

[@faheempracticallearning]

👍

[@theshamsi]

Very nicly explained. Please make a video about Annex F reconciliation for commercial importers and how to reconcile the Stock, Sales Tax and VAT.

[@motions7256]

Very conceptional vedio

[@faheempracticallearning]

👍

[@momi3652]

Faheen bhai aek request ye hae k kindly topics ki alag alag playlist bna den ta k video search krne mae asani ho, jazakallah

[@MZBFamily]

Han Videos milti nhi mil jaye toh tarteeb nhi milti jiske wajah se bhut time lagta dhundhne mei

[@jamilmjb]

Salam sir, What amount to put on consumption in case of 3rd shedule goods. Opening stock appears from annex A that is based on MRP. Should we consume stock on MRP based or cost based. If put cost amount of consumption then it will creat difference of MRP and invoice amount

[@faheempracticallearning]

Purchase

[@marinakanwal2495]

Sir consumption cgs hai or usi pr sale tax consumption b calculate ho jata but vat ki consumption kese ae gi q k overall stock mn kese pta chale ga kitni vat wali inventory sold hoi q k import mn hum gst+vat akhata enter krte hain

[@ghulammurtaza4541]

Well explained Sir kindly share your feedback about if Finished Goods Sold with multiple raw material consumed which have WIP and FG stock then what would be the calculation of Anexture F I would be very thankful to you

[@faheempracticallearning]

Same process, but for this you also need to file annex J

[@kingjan7235]

ماشاءاللّٰه

[@amirmahmood1895]

Sir Annex-F ma hum value for Sales tax consumed krwa thy hoty hn lakn Income tax return ma jo closing stock a rha hota ha os ma tu overhead b includes hoty hn tu phir Annex-F or hamara stock equal kaisy ho skty hn?

[@altafamirali4946]

Thank you sir for your informative video. Sir please make a video regarding service provider

[@faheempracticallearning]

Sure in future

[@adeelakhtar1863]

@@faheempracticallearning Have you post the video for Service provider we are waiting

[@albaengineering]

Dear Sir our annexure A Included the services value and how can we treat the services in stock

[@saboorkhan8552]

Aoa. sir 3rd schedule Mai exclusive and Rp ki annexure A Mai same value ki practice chal rhe ha market Mai then how to make Annexure-F bcoz Hume phr annexure C be same values likhne Hoge Jbky mere cost of sale actual sale Sy to kam he ha plz tell me how how we adjust this type ho cases

[@faheempracticallearning]

Later, I will upload one lecture

[@butterflycompanybagsandsta189]

@@faheempracticallearning kindly also clear the concept of mix purchase like 3rd schedule and 2nd schedule.

[@mastjengo]

Purchase from un-registered persons not show in Annex-F. How to calculate in this type of case consumption and stock.

[@mastjengo]

Thank you I got it in the last of this lecture

[@faheempracticallearning]

😀

[@gktv3111]

اسلام علیکم sir ye sales plenty amount ko kase pay krna ha

[@faheempracticallearning]

if sale tax make sale tax challan, if income tax make income tax challan for relevant period

[@irfanamjadsheikh7764]

Nice

[@amiremalik4963]

Great sir thanks for your information

[@faheempracticallearning]

Jazak Allah

[@suleman111]

sorry for the dumb question plz elaborate how to reduce actual stock if we are manufacturer because you said we cannot show anex c value in stock because it includes also profit... i am confused on this

[@faheempracticallearning]

Dear stock Value in annex F

[@faheempracticallearning]

Watch lecture again, same explained

[@jamilmjb]

Salam sir, What amount to put on consumption in case of 3rd shedule goods. Opening stock appears from annex A that is based on MRP. Should we consume stock on MRP based or cost based. If put cost amount of consumption then it will creat difference of MRP and invoice amount

[@faheempracticallearning]

Purchase

[@jamilmjb]

Salam sir, What amount to put on consumption in case of 3rd shedule goods. Opening stock appears from annex A that is based on MRP. Should we consume stock on MRP based or cost based. If put cost amount of consumption then it will creat difference of MRP and invoice amount

[@faheempracticallearning]

Purchase amount,