What is the difference between exempt and zero rated goods | FBR | Sale tax Act

• SALE TAX AND INCOME TA...
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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.
#exemptzeroratedgoods#
Regards,
Faheem Mehboob
ACCA Member
03007574731

[@accountant0014]

Allah brings happiness in your life as you are helping us through your channel

[@faheempracticallearning]

Ameem, Jazak Allah

[@TalhaTariq-bb5gh]

Masha Allah. You are a great instructor

[@faheempracticallearning]

👍

[@ammaraaslam7455]

Jazakallah khair

[@faheempracticallearning]

👍

[@Hazberchaudhary]

Good

[@faheempracticallearning]

@@Hazberchaudhary 👍

[@shahrukhfarooq423]

Thank you sir
Sir I am basic level learner
Could u please define when we say zero rated and exempted does it mean we are taking about sales tax? Or income tax rate?

[@faheempracticallearning]

sale tax

[@OttomanAdroit]

Thank you sir for the lecture.

[@faheempracticallearning]

Jazak Allah

[@mohammaduzair3480]

Please make a detailed lecture for refund specially carry forward refund of normal taxable goods which is on yearly basis

[@faheempracticallearning]

In future

[@AhmadKhayyam]

Sir Unregistered Vendor ki purchase ki taxability pr b video bana lain plz.

[@faheempracticallearning]

Already have check channel search

[@AhmadKhayyam]

@@faheempracticallearning sir video ka title bata dain

[@faheempracticallearning]

@@AhmadKhayyam registered and unregistered difference

[@NAVEEDAHMAD-ok7eo]

Good information

[@faheempracticallearning]

👍

[@jamalabdulnasir4373]

JazakAllah

[@waqasyousaf5478]

Great.......

[@faheempracticallearning]

Jazak Allah

[@shahidnadeemmalik98]

Sir,kindly upload about zero rated items special textile working weaving which is local and export oriented both

[@faheempracticallearning]

In future I will upload

[@MohsinAli-th6ck]

AoA.! Agar hum exempt items sale kryn to us ki return jama kaisy krwain ge.?

[@faheempracticallearning]

as per sales tax rules, not required, but if you are registered in sales tax then better to report, so that amount match with sales tax returns and annual income tax return, to avoid any notice

[@adilrizvi9629]

stationery items zero rated schedule 5th m b hain aur exempt k schedule 6th m b hain aisa q hai?

[@faheempracticallearning]

Yes, different items have different tax base

[@msaqib6056]

Sir I am saqib your student kindly ap refund pa bhee lecture banayi

[@faheempracticallearning]

In future, I will upload

[@FaizanKhan-ct2tc]

Thanks bro

[@faheempracticallearning]

Jazak Allah

[@bilalkhan-ys7op]

agar export nhe kr rhe local hei sale purchase heto Zero rated goods ka input claim le skte hen Sir ?

[@faheempracticallearning]

Yes, refund you can claim

[@YASIRSHAFIQ86]

Sir If good are exempt supplies then we have to disallow input tax when filling return so that caary forward balance becomes zero?

[@faheempracticallearning]

Yes put into non creditable input

[@waqasijaz1826]

Is there any news on new amendment to brought zero rated and exempt supplies into normal sales tax supplies?

[@faheempracticallearning]

May he start of next year government announced

[@alikurban9920]

any gst calculator.

[@MOHAD644]

Is pharmaceutical supplies zero rated supplies according to Finance Supplementry Act 2022?

[@keysconcepts7751]

Assalaam walaikum... Glass bangles hyderabad me menufacture hoti hain or ye exempt hain magar gas or bijli k bill me bohat amount sales tax. Further tax.extra tax ki mad me liya ja raha hai jis ki waja sey cost barh jati hai jab ye exempt hain to ye tamam taxes bijli or gas per honey chaiye???

[@faheempracticallearning]

For further tax, visit local electricity office, and inform them your registered in sale tax, fill one form and make strong follow up from concern department, after some time they will update your status on bill. Then further tax will not be charge, by doing this you can save your cost.

[@sherazsabri5355]

Sir Zero Rated Supplies kon sy hain

[@faheempracticallearning]

@@sherazsabri5355 pls read sales tax 5th schedule

[@falcopilot7519]

Sir could you guide pls kindly, does each year UBO return form 45 and 31 is to be filed to secp

[@faheempracticallearning]

Yes

[@faheempracticallearning]

Form A, 29,45

[@bellcotradingcompany4271]

my sales tax paid on import gd Rs-1077545 what will be the further tax accordingly, if sale to non registred person sale

[@faheempracticallearning]

Pls import lecture

[@danyalkhan8782]

AOA, SIR GHEE kon se schedule ki item hai ??

[@mithankumar4917]

Sir if we buy something from unregistered person who charge GSt then we claim tax refund if not then what next process

[@faheempracticallearning]

Unregistered person cannot charge GST

[@IrfanKhan-iu9ks]

sir we are supplying tents to Govt i.e exempted supplies. Our Input in sales tax return (Iris Portaol) will be reduced or will remain same bcoz output is exempted

[@shahidanjum4802]

If we are locally supplying zero rated goods to unregistered buyers, what about further tax. Is it apply or not?

[@faheempracticallearning]

yes for zero rated further tax should be charged

[@shaikh9394]

@@faheempracticallearning exempt ky case mai further tax charge ni karege kia?

[@faheempracticallearning]

@@shaikh9394 on exempt products further tax not applicable

[@FaizanKhan-ct2tc]

Zero rated sirf export pe hoga?

[@faheempracticallearning]

Yes also have other items, but government now thinking to make all taxable except export

[@nawazgondal6889]

Sir r you from islamabad

[@faheempracticallearning]

Lahore, you can discuss any issue

[@beautyoflahore-lahorelahor8498]

Good

[@faheempracticallearning]

👍