Importance of anything can be judged by the person
who needs it. Diploma in Taxation Law in Pakistan under Tax Ordinance
1990 is same. There are many Training Institute in Pakistan who is going to
Teach Taxation with Practical Exercises. According to FBR there are
different Kind of Tax which are used by different Department.
The above Titled Course is especially designed for
Sale Tax user. All individual who are concerned with Sale Tax rules, if you are
Sale Tax Practitioner this is basic and Base Building Free Sale Tax Course
If you are concerned with Business, Banking or any
Accounts and Audit organization you must need the Tax Law help. I mean you need
Taxation laws of that Country. If we talk about Pakistan We are concerned with FBR
Federal Board of Revenue. Actually FBR deal Taxation authority in Pakistan.
As per mentioned Subject today is our First day to
learn about Tax Laws in Pakistan. Keep in mind FBR is a department where there
are too many provisions and rules and Regulation. We are going to suppose that
you do not know anything about Tax .
So you can say this is very simple and a complete
base building Course which will help the beginners to know about Taxation Laws
designed by FBR Pakistan. Let me share what am going to share in this Course
Key feature of Taxation Course
Today, this Episode will cover the Sale Tax
Rules (According to Sale Tax Act 1990). This is very simple and base
building course on Taxation.
Who Can Attend This Course
Tax Rules are very important for Accountant,
banker, Business Man, for Auditor as well as anyone who deal finance in any
department (small or Large) in a country. So all financial management and
Account related students and Professional can get benefits from this Course.
Taxation Course Outline
Now let us discuss what you will learn in this
Course. Here is a check list which helps you to know what we are going to learn
in this episode.
- In Put Tax
- Out Put Tax
- Further Tax
- Extra Tax
- Excess Input Tax
- Excess Tax Collection
- Residual Input Tax
- Tax Apportionment
- Tax Fraction
- Minimum Value Addition
- VAT Sale Tax System
- Sale Tax Period
Sale Tax Rate
Extra Tax rate is 2 % (It is also known as
Further Tax)
· But if we charge Non
Register Person you will receive 2 % Extra charge mean 19 %
· Remember 2 % extra Charge
only form non register individuals
· If Manufacturer or
Producer sale directly to end user will not charge these 2 %.
· If Manufacturer or Producers
sale directly to government School or hospital will not charge extra 2 %
· All Item falling under 3rd
Schedule – will be free from Extra 2 %
sale taxes
·
The Supplier who is going
to produce Good and Services will pay sale tax in case of Sale
·
The Importer will pay sale
tax in case of Importing Goods and services.
When the Sale Tax Have to Pay
·
The Supplier will pay Sale
Tax at the end of every month on his sale
·
While Importer will Pay
Sale Tax at time of Importing Good and Services.
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