Do you want to know how to file sales tax return on PRA new portal? Well, this article will help you in understanding sales tax return on PRA new portal. Submitting sales tax returns in PRA is an important part of the business-related obligations. In this article, I will show you the progressive procedure in PRA portal including dealing with sales invoices, sales tax withheld invoices, possible mistakes and so on.
Entering the PRA Portal
Using your details, sign in to the PRA portal.
- Declaration Tab: This is where you’ll find the sales tax return forms.
- Sales Ledger: Manage your sales invoices and sales tax withheld invoices.
The final stage where you claim your sales tax with a review of liabilities.
Entry of Sales Invoices
- Select “Sales Ledger” then “Add Invoice”.
- Add CNIC/NTN number of the customer
- Select “End User Intermediary” in case the sale is made to a wholesaler or retailer, not to an end-user
- Select “Sales Invoice”
- Enter invoice number date, and service type(HS code)
- Enter amount on sale excluding sales tax amount.
- The system will calculate sales tax amount automatically.
- Save the invoice.
Also read: Income Tax Return Course in Pakistan
Sales tax withheld Invoice
- Provide for selection of “Sales Tax Withheld Invoice” as invoice type.
- Same information as for a sales invoice.
- The “Withholding by Purchaser column would indicate how much is held from the purchaser.
Sales Tax Withheld will be filled if the sales tax was withheld by the buyer. Otherwise you have to pay the sales tax by yourself. You can choose depending on scenario.
Filing the Sales Tax Return
- Go to the “Declaration” tab and select the relevant sales tax return form.
- Load the sales invoices and sales tax withheld invoices.
- Review the summary of your sales and tax liabilities.
- If there are no errors, click “Submit.”
Learn more: How to Make NTN in 2023 for Salary and Business
Overcoming Mistakes
In case of an error such as “Submit Annex C1 First,” resolve the issue before resubmitting. Typical errors may include unapproved sales tax withheld invoices because the buyer did not approve them.
Conclusion
To file sales taxes returns in Pakistan, one must deal with typing up sales invoices, withheld sales tax invoices and summary as a whole. So, you can make sure that you will be able to effectively and efficiently file your sales tax returns by following this guide and correcting any omissions. For bulk invoices, the uploader can be used with the specified formats available in the Iris Help.
