Bad News | Sales Tax on Milk | Standard Rate 18% | Further and Advance Tax also Applicable | FBR |

Спорт

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/message/5BNUTBJFAPHUN1
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

Пікірлер: 39

  • @ijlalhaider2121
    @ijlalhaider2121Ай бұрын

    Good explanation!! Kindly make a lecture on how to check the status of customers (registered/unregistered & filer/non-filer) in our own system for the benefit of general public. Thanks for all your efforts.

  • @ahsanlive
    @ahsanliveАй бұрын

    This is great explanation, if someone wants to learn different between u/s 236G and 236H this help you very easily. Thank You Sir.

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    👍

  • @arifjan6558
    @arifjan6558Ай бұрын

    Perfect Vedo sir Have a blessing day

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    @@arifjan6558 👍

  • @incomest
    @incomestАй бұрын

    Faheem bhai you are doing good work by sharing information. Pl tell us about Bakery bread, rusk, bun & chappati with relation to sales tax. Earlier these were exempt vide 6th schedule whether any sales tax has been imposed in this budget on these items or not

  • @qwerty25512
    @qwerty25512Ай бұрын

    sir kya lubricants oil pe FED LAGI HAI 5 percent?

  • @khawarh2147
    @khawarh2147Ай бұрын

    Fahim bhai.question hai answer lazmi dena hai. Bht saray bussiness main poor class loag retailer hain wo laible to register in sales tax ni hain. Aik traf fbr khta hai 4 percent further tax u register retailer ko charge krain.dosri traf fbr khta hai poor retailer jo mohallay main dukan krta hai wo liable to register ni hai. Kindly explain.???jin products jese baraf,nimko,papar,wiper ect ka poor retailer jis ki turnover bht kam hai.aur wo un educated bhi hai.gali mohallay wala.usay 4 percent charge kerna ya ni.???jbke fbr khud khta hai k tier 2 k retailer ko lazmi ni hai sales tax main register hna.manufacturer kese justify krain gay k hum tier2 kay poor retailer ko sale ker rahay lihaza un per 4 percent further tax ni bnta....???

  • @aqeelalishah4735

    @aqeelalishah4735

    Ай бұрын

    @faheem bhai, this brother has asked very good question, Is there any way a distributor can show that distribution has sold items to small street retailers and hence did not charge 4% f.tax

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Later I will upload, one lecture that how to manage.

  • @zainshamim7994
    @zainshamim799427 күн бұрын

    Please make video on how retailer can charge sales tax on product?

  • @faheempracticallearning

    @faheempracticallearning

    27 күн бұрын

    @@zainshamim7994 yes sure

  • @saqibabbasi6570
    @saqibabbasi6570Ай бұрын

    Asalam o alaikum Sir builders and developer ka hawle se bhi koi lecture bana len plz

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    W,salam yes sure

  • @rehmanmustafabhatti5886
    @rehmanmustafabhatti5886Ай бұрын

    Sir I'm a wholesaler dealing in infant milk please guide how I can save tax I'm filer but did not registered for sale tax .as you mentioned in last about 45 2000 please make a detailed video .should I register for STN because our margins have significantly shrinked

  • @wazabb58
    @wazabb58Ай бұрын

    One Ltr tetra packed milk from a renowned Cash n Carry store is available @ Rs 282 while the same at a local super market is @ Rs 350 . On inquiry he showed me Watts app message from the Manufacturer showing the new retail price @ Rs 362/Litr.Why such a huge difference.....?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    @@wazabb58 yes because 18% applied

  • @YasirKhan-ez6qo
    @YasirKhan-ez6qoАй бұрын

    Faheem Sb, please guide regarding the circular which specifies the documents required to be submitted to the withholding agent by the commercial importers to benefit from the exemption of of section 153. Need circular number.

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Pls ready section 153

  • @mianjee5211
    @mianjee5211Ай бұрын

    Plz revise sales tax registration process

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    online application and documentation required 0300-7574731 contact on this number for further process and services

  • @nijoftdc
    @nijoftdcАй бұрын

    Informative appreciate.

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    👍

  • @waqasijaz1826
    @waqasijaz1826Ай бұрын

    Kindly guide You mentioned once in a year can you elaborate what's that means is it relating to depositing advance tax to FBR?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    @@waqasijaz1826 because filer status, every year on 1 March update by FBR

  • @mianjee5211
    @mianjee5211Ай бұрын

    Kiya street retailer sales tax invoice generate karay ga?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    if selling to end consumer thn no need to generate, but if registered in sales tax and thn as per law required to file tax return

  • @rizwanchandiwala
    @rizwanchandiwalaАй бұрын

    If someone purchase raw material as a distributor from a manufacturer and after that sell it to other manufacturer then section 236G tax will be applicable or not ?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    manufacture will not charge on sale to another manufacture, because material will be used in production to generate taxable supply

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    take undertaking from manufacture, that material will be used in production

  • @Bholapanchi
    @BholapanchiАй бұрын

    sir "once in a year" se kia matlab hay ?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Satus of filer need to check one time

  • @mianjee5211
    @mianjee5211Ай бұрын

    Sir, sales ratio is 50,50 exempt as well as taxable at my shop, solution plz, i am already income tax filer

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    as per rules, if retailer want to save penalty of further tax, thn need to registered

  • @hashaamali
    @hashaamaliАй бұрын

    Ye direct retailer ka 4% margin kam kr dia hy Nestle main

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Yes

  • @WaliAbbas-lx7sf
    @WaliAbbas-lx7sfАй бұрын

    IMF se loan Pakistan k garib awam ne tou nahi liya na,

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    😔

  • @economicstutor9313
    @economicstutor9313Ай бұрын

    I am not worried as Maryam Nawaz is giving away free milk.... I am just trying to be positive on current situation.

Келесі