Jannat Bilal & Co.

16/04/2025

16/04/2025

Key Highlights of the Notification

1. Insertion of Annex-C1

A new Annex-C1 has been introduced to complement the existing Annex-C, and it will be used specifically for declaring tax collected under section 9(3). This includes:

Services rendered by medical consultants and practitioners

Cases where tax is withheld/collected by an agent rather than paid by the service provider directly

2. Return Filing Obligations

Under the newly added Rule 13A(3):

A registered person who collects tax as an agent must now e-file Table-I of Annex-C1 through SRB’s web portal.

The return (Form SST-03) must include complete details of the collected tax, with cross-reference to the portal data.

3. Role of Collection Agents (Rule 42FF(10))

Collection agents are required to declare the tax collected using Table-I of Annex-C1.

The tax so collected will be reported in field 14b of Form SST-03 and must be deposited accordingly.

Agents must file returns in the prescribed manner and will also specify the service provider’s details, including SNTN or NIC.

Based on this, the system will automatically populate Table-II, reflecting the output tax in the service provider’s return.

16/04/2025

🚨 KCCI Appeals to PM Shehbaz: Fix FBR’s IRIS Glitches Now! 🚨

The Karachi Chamber of Commerce & Industry (KCCI) has officially requested Prime Minister Shehbaz Sharif to take urgent action against the growing technical issues in the FBR's IRIS portal.

These glitches are creating serious problems for the business community — especially in filing sales tax returns on time.

What’s Going Wrong?

1. The IRIS system only allows "Kilograms (Kgs)" as the unit of measurement

2. But many businesses use Litres, Meters, or Pieces, which are not accepted

3. Despite many complaints, FBR officials have not responded

4. This is causing delays, confusion, and penalties for honest taxpayers

Why This Matters:

1. These technical issues are hurting business confidence

2. They disrupt tax compliance and affect revenue collection

3. Businesses need easy and error-free systems, not more stress

KCCI President Muhammad Jawed Bilwani has urged the PM to personally intervene and ensure smooth, business-friendly digital tax systems.

It's time to fix the flaws and make Digital Pakistan a reality!

09/09/2022

TAXATION (Income tax & Sales tax) & COMPANIES REGISTRATION (SECP) COURSE:

Anyone interested to learn Companies Registration (SECP) & Pakistan taxation including E-Filing of both sale tax and income tax

Income tax Includes:
1. Income from Salary
2. Treatment of allowances and perquisites (House rent allowance, motor vehicle allowance, interest free or concessional loans etc.)
3. Treatment of all funds (Benevolent fund, superannuation fund, provident fund etc.)
4. Section-18 Income from business
5. Section-20 Deductible expenditures
6. Section-21 Deductions not allowed
7. Section-22 Depreciation
8. Section-23 Initial allowance
9. Section-29 Treatment of provision for bad and doubtful debts
10. Section-35 Stock-in-trade
11. Section-15 Income from property
12. Section-66 Income of joint owners
13. Section-37 Income from capital gains
14. Section-39 Income from other sources
15. E-Filling practically (Income tax return, Wealth statement, revisions of Tax return and wealth statement)

Sale Tax includes;
1. Overview of VAT
2. Difference between Input and Output tax
3. Further tax, extra tax and capacity tax
4. Calculation of Sale tax
5. When to pay sales tax
6. Change in tax rates
7. Zero rated supplies including refund of input tax on such supplies
8. Exempt supplies
9. 3rd schedule supplies
10. Input tax adjustments
11. Apportionment of input tax
12. Debit or credit note
13. Restriction on input
14. Supply to unregistered persons
15. Purchase of stocks before registration
16. Commercial importers
17. Retailers
18. Sales tax registration
19. Active taxpayer
20. De-registration
21. Suspension
22. Blacklisting
23. Annexure A, B, C, F,H, J and I practically.

Companies Registration contents:

How to create SECP Pakistani National User Account

How to create SECP foreigner User Account

How to Reserve name for Company Incorporation

How to reserve company name to Change existing Company Name

How to change company name of existing company

How to Incorporate Company SMC/Private Limited in SECP

How to appoint authorized/primary user in SECP

How file form one (Receipt of Subscription Money)

How to appoint Company Secretary/Auditor in SECP

How Appoint/Resign Director in Company

How to Transfer shares of outgoing director to newly director or existing director
If more than 25%

How to Transfer shares of outgoing director to newly director or existing director
If less than 25%

How to change company principal line of business

How to change company address (if required)

How to Change Company Province

How to file Form A (Annually)

How to increase or decrease Company Paid Up Capital

How to change Company status SMC to Private limited or Private Limited to SMC

How to file Form 45

How file Certified True Copy of Company document (if required)

How to recover SECP user accounts, if haven't access on email and mobile number

ALL ISSUE REGARDING NTN WILL BE DISCUSSED IN DETAIL...

Online sessions plus recorded lectures...

For further details inbox or WhatsApp
03102418379

NOTE:
kindly contact only serious candidates..

09/09/2022

ا نکم ٹیکس گوشوارہ 2022 جمع کروانے کا آغاز ہو چکا ہے۔ قانون کے مطابق تمام افراد جنکا گوشوارہ جمع کروانا اُنکی قانونی ذمہ داری ہے۔ آخری تاریخ کا انتظار کیے بغیر اپنے کاغزات کے ہمراہ تشریف لائیں تا کہ آپ کا گوشوارہ بروقت جمع کروایا جا سکے۔ اِس کے علاوہ آپ گھر بیٹھے بھی ہماری خدمات لے سکتے ہیں۔

گوشوارے جمع کروانے کی آخری تاریخ 30 ستمبر 2022 ہے شکریہ

Bilal Ahmed
03102418379