What is the meaning of Inadmissible input tax | New Sale Tax Return Portal | 6a , 7a ,7b & ,7c
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- Опубликовано: 19 сен 2024
- 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.
#inputtaxcredit#
Regards,
Faheem Mehboob
ACCA Member
03007574731
Excellent explained
Great lecture thanks
Jazak Allah
JAZAK ALLAH
sir one video on input loss etc
Please also make video how to incorporate Dr. n Cr. Note in new return also in case of unregistered purchases n who can we reverse the withholding sales tax deposited with return in this case
ok, i will upload
[1/15, 10:42 PM] Raheel Motlani: Assalamoalaikum Sir
New Sales Tax Portal mal 6a ma 3.5 million amount inadmissible input tax ma a gaya hy jab k ham ny proper Ntn and cnic put kianha
[1/15, 10:42 PM] Raheel Motlani:
Sir iska koi solutiob bata din plz channel k through
Still have many issues, my suggestion wait for next updates and complete form, for sure extension will be announced
Thank you for your informative video. How many years of 7b data will adjustable on our return form
Within six month
Hello
Sir Mara saving account hai or Bank my TDR fix ha unpy Monthly profit Ati ha mery or koi income sources nahi ..
Ab Main filler hona chahita ho uska kia tarika kar ha ????
Sometimes customers don't want to give their cnic os ko kesy enter kren annex c mei?
Already have lecture on channel pls check
I have been filing sales tax return on regular basis, input and output all cleared till last month. For current month when filing, sales tax amount for december is shown in inadmissible input.. section 6a..
check last month return, on main any balance available in this head?
I have checked in last month return, it says 0 in 6A.
Even when i delink all from annexure c, annexure a uploaded only, still it shows amount on inadmissible input section 6A. Main point is this amount on 6A is same as input for the month
@@MakkiAutos delink and then press on calculate TAB, then try
@@faheempracticallearning Yes now its gone from there.. no amount shown on 6a. Please kindly tell than i am submitting invoices accordingly with cnic. Than why after uploading annex c.. it shows input in section 6a
Still , input Tax is not Getting Adjusted against Output tax. And Iris is Ignoring Input, and Calculating whole sole Output as payable..
Yes still have many issues wait for next update from FBR side
I will update
Admissible (25) and Carry forward balance (26) is calculated incorrect by iris (in our case at least)..kindly upload a lecture on this too..
Yes
Still many issues wait for next update from FBR side
@@faheempracticallearning Same here 25 - Admissible Credit & 30 - Credit to be carried forward are wrongly calculated, kindly guide Sir.
@@faheempracticallearning
Same heer admissible credit wrong
@@zeeshanmoin3437 😀
@@ahsansaadat7085 yes wait for next updates from FBR
Hello
Sir Mara saving account hai or Bank my TDR fix ha unpy Monthly profit Ati ha mery or koi income sources nahi ..
Ab Main filler hona chahita ho uska kia tarika kar ha ????
yes must be filer
sir any news about extension?
For sure it will be issued
AOA Faheem sir how to fetch data of purchase in Annexure "A" in new IRIS , i have addopted option search and no data available in and a draft save but no amount shows plz guider
Check latest lecture how to load annex-a data, last day i will already explained same in latest lecture. check channel
@@faheempracticallearning thx sir
sir how to fill Annexure F
Later i will explain
sir 7c main amount anay ke waja se tax bohat ziyada bna raha hai head wise payment mai oper jahan sale tax on goods hai wahan 10 time ziyada tax bn raha hai
yes still have many issues, wait for next updates from FBR sides
@@faheempracticallearning sir last date aagai or 7c mai amount ab b maujood hai
We have a 7A report of tax inadmissible. And the list shows that our seller does not admitted tax return while seller confirm that submitted. Inadmissible on purchases both vendors are our trusted suppliers. How to resolve this issue in Iris
yes still many issues, my suggestion share email of same with FBR team, for sure they will resolve this
Facing same issue still :(
I shared with FBR as well as the company but issue remains to be resolved
Sir system ghalat tax bana rha ha. ya issue kab tak solve ho ga ? takay hum client ki return submit kar sakay challan bana nay ka bad. and challan kab tak sahe ho jai ga. As per calculation hamara challan 8400 banta ha jab ka system 42000 bana rha ha
yes still many issues, on IRIS, logic same, we need to wait for complete return or next updates from FBR sides
Fahem sb return properly kab tak work position main ajaye gi app kay mutabaq kyun kay aj payment ki bhi last date thi smajh nahi arahi kay abhi kiya karain aur kab tak wait karain
till now many issues, wait for next update from FBR side, for sure extension will be issued
Advance income tax 147 is necessary to pay for individual buisness... (General order supplier) or it is not applicable on me? ... Our tax is deducted at source... When party issue cheque to me... They deduct 4.5% income tax
For individual applicable if last year income is more then 1 million, in your case if tax deducted at source, just reply that your tax already deducted and deposited by your customer, with document and evidence , file online reply , this is sufficient, pls check other lecture on advance income tax I have already explained in detailed, how to file online reply
Sales ledger m hmri 40 involves ka record aa ra h.. But when we load invoices in annex-c to hmra record 36 aara 4 invoices missing hn.. So kindly bta din kia issue ho skta h.
Thanks
yes still many issues, on IRIS, logic same, we need to wait for complete return or next updates from FBR sides
sir point no 7 ma amount aa kar zero ho gye us ka kya solution ho ga?
When I select LESCO bill from Annex A which is shown to me as my purchase, the sales tax figure was shown in 6(a) tab and system minus the sales tax from my credit available as told by you in the video
Which was not the case in previous returns
Kindly guide
yes still many issues, on IRIS, logic same, we need to wait for complete return or next updates from FBR sides
same here
@ahmed ayub brother
My problem solved automatically kindly check your
Sir agar input tex - mai aa jaye to is ka hal bta dain plzz
No get your point?
Sir credit disallowed ki waja say input tex cretid kam ho kay minus
Ho gya hai return file nhi ho rahi
-15100 ho gya hai
SIR GEE
YE OPTION K SAMNY AMOUNT AY RAHI HAI
Inadmissible input tax in terms of section 8(1)(m) for failure to provide NIC / NTN of unregistered buyer ?????????
Yes if report without CNIC or NTN then this is penalty if more then 100,000 in case of other then company
Sir but In my case I have already provided CNIC num but still not calculate S.Tax.?
@@iqbalghanchi4360 yes still many issues, on IRIS, logic same, we need to wait for complete return or next updates from FBR sides
@@iqbalghanchi4360 yes still many issues, on IRIS, logic same, we need to wait for complete return or next updates from FBR sides
sir, today I submit complaint on fbr help, reply come to us as working of software is still in pipeline,,nearly corrections will be made
Yes many issues
Sir ktny period tak customer credit notes ko return kr skta h?
180 days
@@faheempracticallearning sir phr company customer ko as a penalty wo amount (inasmissible input tax) charge kr skti h?
@@nbaisgr8 Yes it depends on company policy, check lecture of credit notes, already explained how to take credit for one year
@@faheempracticallearning thanks a lot sir