Supplies tax 3.5% , services tax 6%

[mzbshah]

dear friends

i am a new fellow. just entering into this forum. this is mt first reply. and i not accountant. just learner...... if you found any mistake correct me

Basically these taxes are applied on every supply and services exculedig exemption items.....

Withholding concept are mater in it. whenever you will payemt to your supplier you will deduct 3.5 % on Services and 6 % on Supplies. and you gave the challan to relevant pary. and at the end of the year this party will sattle thier tax.

but if your exemption from fbr then no one will deduct tese taxes


and entery for withholding person. he will credited the tax. because you will submted these taxes to FBR on behalf of these parties

i hope you got it.....


shah@jee