Calculation of Sales tax | Formula of Sales tax | Further Sales Tax | Adjustment of Input Tax | FBR

Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
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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.
Regards,
Faheem Mehboob
ACCA Member
03007574731

[@usamaalmas9461]

Thanks alot respected Sir❤

[@faheempracticallearning]

👍

[@nauraizwarraich6942]

Very informative video.Keep it up brother

[@faheempracticallearning]

@@nauraizwarraich6942 👍

[@omenkhan5814]

Brother sales tax withheld by customer doesn’t not appears automatically in claim since last two as government has deliberately delinked STWH from back end system…… and no tax bar has raised this issue to FBR

[@faheempracticallearning]

Push your customers to deposit on your NTN, once done, check in annex-c

[@omenkhan5814]

@@faheempracticallearningdone it so many time and hold the valid deduction certificates with CPR nbrs… it’s actually deliberately de-linked on irish portal by fbr Any sales tax withholding in last 1.7 years I haven’t seen and been unable to calim in annex-c for all of my customers

[@munakhan100]

Nice video

[@faheempracticallearning]

👍

[@khawarh2147]

Fahim bhai.1 concept clear ker dain.law khta hai unregistered retailer par 4 percent charge krain.but dusri traf khta hai k tier 2 retailer ko register hne k zarorat nahe. Tman Tax bar laywers khte hain k agar aap koi product 1 poor/un educated retailer jo rehray ya thelay par chezain becta hai aur tier2 k catagory main ata hai us ko 4 percent charge NAHE krain gay kyun k FBR n khud us poor retailer ko sales tax registration kerwane se Exempt kia hoa hai.lazmi se baat hai jo bnda 500 ya 1000 kmata hai wo kahan se waqeel kray ga aur sales tax return file kray ga. Kindly clear my concept.jab tier 2 par registration lazme ni to us unregistered ka 4 percent further tax khyun????

[@asmatullahasmatullah4945]

Sir may 4%unilever Nahi lagata hai .customer say wasol Kar k FBR may jama katana zarori hai .may failer bi ho .and tribal aria may ho.

[@khalilabid5592]

Return ka colum 8 minus me Chala giya is ka Kiya hul ha

[@haleemrasheed2385]

If commercial importer purchases local from manufacturer or commercial importer 236 tax will be charged by manufacturer or commercial importer please reply

[@malikabdullah7987]

jo distributer sales tax ma register tha lakin sales tax ma non filer hony ki waja sa us sa company na further saLes tax charge kar lia, 4% ab kia jb wo apni return file kary ga to us ma us 4% ko input ma la skta ha? or kia output ma adjust bi kar skta ha, ? or kia further tax ka against bi adjist kr skta ha jo us na costumer sa ktna ha?

[@imtiazulhassan6157]

Sir, agar hamara customer invoice ki payment krte waqt s.tax withhold krta hai, tax jama bhi karwa deta hai or payment Cpr bhi share krta hai ham se lekn phr bhi hamare portal men Annex-C men customer ki tarf se STWH ki amounts show nhi hoti.. ab ham stwh ko kese claim karen.

[@hashaamali]

Bhai jan gst mai registered distributor 4% further tex k bagir invoice ly k agy lagta hy unreg party ko kia wo 4% gst waly bndy k liy uski profitability mai count ho ga agr wo har invoice py .5% income tex pay kr rha

[@faheempracticallearning]

Yes deducted from profit

[@bridgecode]

When will SRO 1130(I) /2024 be practically implemented. Still return is blocked and can't reclaim input tax on electricity bill.

[@faheempracticallearning]

Wait some days

[@bridgecode]

@@faheempracticallearningthose who provisionally submitted their return, will they also get the benefit?

[@faheempracticallearning]

@@bridgecode yes

[@user-wy1sw2zr1t]

sir agar koi widow hay or wo apni property sale kerte hay to kiya us ko filer hona zarori hay

[@faheempracticallearning]

Yes, otherwise tax rates high

[@munawarwazir6601]

At import stage charge additional Sales Tax is this adjustable ?

[@faheempracticallearning]

Yes both sales tax and income tax adjustable

[@muhammadismailorakzai]

If a distributer purchases products from manufacturer and he is registered in Sale Tax, he has charged with 18% sales tax, further when he sell out these products to other retailers then what will he do with Further Tax? Will he collect from retailers and pay to govt? Or just he will sell these products with normal 18% adjusted sales tax?

[@faheempracticallearning]

Yes if retailers unregistered need to charged further tax

[@muhammadismailorakzai]

​@@faheempracticallearning if he is selling to end user then what will he do?

[@haleemrasheed2385]

Then no further tax

[@muhammadismailorakzai]

Thank you

[@lahorelahore9597]

اسلام علیکم اگر end seller رجسٹرڈ ہو تو further tax چارج کرے گا اور کیسے

[@faheempracticallearning]

@@lahorelahore9597 further tax not applicable on sales to end consumer

[@faheempracticallearning]

@@lahorelahore9597 W.salam

[@lahorelahore9597]

یعنی کہ سٹیشنری پر ٹیکس 10+4 ہے میں رجسٹرڈ ہوں مجھے انوائس 10% پر آئیگی میری بک شاپ ہے میں نہ ہی 4% کاٹوں گا کسٹمر سے اور نہ ہی جمع کرانے کا پابند ہوں

[@faheempracticallearning]

@@lahorelahore9597 no tax when sale to end customers

[@lahorelahore9597]

اگر مناسب سمجھیں مجھ ایک فارمولا نہیں بن رہا ایک آئٹم کی قیمت 255 روپے ہے اس میں sales tax 10% & further tax 4% & 2.5% adv tax hai کیلکولیشن فارمولا کیا ہوگا

[@forwelfareofpeople5824]

If a person is dealer is unregiestered but filer weather he will charge Adv tax u/s 236G to retailers

[@faheempracticallearning]

Yes on sale to retailers, 236H need to charge

[@muhammedyousaf09]

نھیں