Sales Tax Withholding | How to apply Tax Rate | Saving of Sales tax Withholding | Logic | FBR |
HTML-код
- Опубликовано: 5 фев 2025
- Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/92300757...
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
love for all videos. but sir kindly it is requested that kindly make a playlists of the video's so we can find the relevant videos from the youtube playlist
Yes sure.
Thx for informative video
for example;- different items for refreshments, i.e. Tapal tea, every day, sugar market main retail price (including Sales Tax ) hota hai, lekin withholding agent dobara 18% deduct kerta hai. jaisey 6500 Rs. ka item purchase kiay. lekin withholding agent 6500 k invoive amount per 18% (1170) sales tax deduct kerta hai.
Sir hotels me bills me jo sales tax lia jata ha, wo fbr file me individual kaha par add kre ga?
i just watched your video, I have one confusion, if the other company is not a wihholding agent , if they buy goods from unregisteted and wanted to show these unregistered purchases in sales tax Annex -A , will they deposit withholding tax 5% on these purchases, if not then FBR systems does not accept these purchases in ANNEX-A . pls guide.
Yes
cleared.. thank u@@faheempracticallearning
Sales tax aur Salex tax withholding agent ke dono ke null retrun ek jese hi file honge ya tarika alag alag hoga
When we are buying from retail shops onPOS being withholding agents income tax and GST are to be retain or not
Sir sale tax withheld kr k alag se PSID banana hai Sale tax withheld ya phr sale tax return mn unregistered ki invoices add kr k jb sale tax return mn show ho sale tax withheld as withholding agent to monthly sale tax liability k sath hi jama kara den
yes with monthly sales tax return
Kya tax credit carried forward ko reverse calculate krke closing stock ki value calculate krskte hn? Like tax credit ÷ 17% = closing stock
Use actual, don't make this assumption
In your another video you said no need to withheld sales tax on supplies but fir services it should be with held kindly explain this
Sales tax withholding applicable on company, other then company not applicable, in case of goods
Thank you for sharing the informative video. I would like further clarification on the services provided by one province to another province. It apply sales tax withholding.
Yes, in separate lecture I will explain. Due to length of lecture, focused on one point. For better understanding
faheem saab steel ke business ke sales tax return kese file karte he uske rates kaya he sales tax ke aur kese invoice banate he uski
What's the status of 7 E in this budget.last year court gives decision against it.
What's the status now?
Salaam
Sir agr aik party services ly
Aur ospy osy gst apply na kia jaye..
Mgr invoice ki amount py wo with held kry amount
To kia os invoice ko monthly sale return mein mention krain gy
Yes as a withholding agent payment need to report.
Sir, I run auto repair workshop, when some company needs sale tax number for vendor registration. we do repair job by purchasing spare parts from local market.. do we need sale tax registration?
Dear sir....
Agar hum unregistered say product buying kree ge tu suppliers say let say 118000/- amounts hai tu 5000 ka kya kree ge wo khan phr show kree ge
Which 5k?
@@faheempracticallearning unregistered suppliers say let say head & shoulders buy kredi total gross amount 118000/- hogaye
Os ka 5k w.h.ho gaye than os 5 k ko khn phr Kya kree ge...
Sir mari company NTN registered ha, but GST nahe a, to tax invoice ma kitna % add kr k Department ma submit krwaie. Services ka kam a
Without, GST number or registration you cannot issue sales tax invoice
Need guidance for sales tax charged by DHL on import
AOA, Sir if a withholding agent deduct sales tax @ 5% on purchases of goods then on that deducted amount how to deposit in govt account it will be through challan or any other way plz explain. thanks
Same process to deposit, like monthly sale tax
if the vendor (unregistered) isn't purchasing anything from another party then?
okay this way we can save the sales tax withholding..........at same time we will also be required to record the inventory at 100,000/- instead of Rs. 118,000/-..............? right ?
Sir buyer 5900 withhel karey ya 5000 amount withheld karey...Is sey buyer ku kiya faida ho ga....ye 5% WHt konsa refundable hai... OR
Same as mentioned and explained in lecture, in case of unregistered seller, 5% buyer need to deduct, and pay from his pocket. Now how to reduce, this logic we study in lecture. Watch again.
I am facing this error while file Annex H.following massage appear
Declared value addition for the refund claim is below prescribed value vide STGO 09/2023. Taxpayer is required to enhance value addition.
Value Addition is already higher then required by STGO 09/2023. please confirm about this issue.??? thanks
Sir one of our pharmaceutical distributor says that pharma product that are not registered under drug at 1976 mean healthcare products are subject to exempt from sales tax from 1st July 2023 since I have gone through the budget commentary and I found nothing related to it. Please guide
Yes, also need to wait approval of budget.
Thank you for your usual quick support. You are requested to make a video tutorial over the changes made in pharmaceutical industry in budget proposal.
@@poetryforthesoulwithwaseem6599 yes sure
@@faheempracticallearning sir need your valuable input relating to sales tax rate on pharmaceuticals healthcare products from.1sr July 2023 .
Govt. Deptt deduct 5th of sale tax amounts and challan is not given,only a certificate is issued in the end of finicial period then how we will adjust the holding gst amount in monthly saletax return , thanks
This is not adjustable, already explained in previous lecture.
Same ques sir.
Please share the link...
government supplier /contractor jo items purchase kerta hai already sales tax add kerney k bad retail main leta hai, lekin withholding agents again 18% deduct kertey hai. aisa Q.???
Sir aik grossary mart working as pvt company withholding kis chez per karyga
On all payments, to vendor on salary, anx rent payments
I have not filled sales tax return of three months. Now, i have done this by filling Null return. But still my ATL Sales Tax is showing inactive. How to activate this? Pls guide.
Sir i am in govt health sector, so will i withhold sales tax @ 1/5th from every active taxpayer vendor. ?
Only PVT company withheld, if buying from unregistered
Jb buying unregistered sy ho rhi to divide (100+18+4) sy kren gy and multiply with 5?
Every company regardless of turnover is STWH Agent ?
Yes.
AOA sir har unregistered supplier ka 5% withheld krte hain
Yes, in case of supply
Aik person Liable hy nai sales tax to be register ho ues ke b 5% withheld krna hai
How to deposit this 5% in FBR? if we don't have NTN STN of seller, we are manufacturing company
This need to deposit on seller name.
double tax deduction of sales tax Plz Solve this problem with ready reference. Thanks And Regards.
Need deep explanation on last 40 second
Query: Register Active Distributor purchase product 18% Sales tax, product sales unregister Active customer Sales tax 22%, difference 4% Sales Tax amount how can bear this amount distributor ya customer
How to deposit this 5% in FBR? if we don't have NTN STN of seller, we are manufacturing company
Use general NTN