Ask a Question

what is the proper procedure to update the stock statement Annexure-H1?

0 votes
in Sales Tax & FED by (40 points)

In the FBR IRIS Portal, under Annexure-H1 (Stock Statement), the purchases are accurately reflected from April 2025 onwards. For example, if the company purchased 10 units, the same quantity is correctly shown in Annexure-A, which is automatically picked up in the stock statement. Since the stock statement derives its data directly from Annexure-A (Purchases) and Annexure-C (Sales), any discrepancy in sales reporting affects the closing stock. However, during this period, the company reported sales of only 1 unit, whereas the actual quantity sold was higher. As a result, Annexure-H1 shows an inflated closing stock, which does not match the physical stock available in the warehouse.

To correct this and accurately reflect the actual sales quantities from April 2025 onwards, what is the proper procedure to update the stock statement accordingly?

1 Answer

0 votes
by (3.2k points)
To correct the inflated closing stock in Annexure-H1 (Stock Statement) in the FBR IRIS Portal from April 2025 onwards, you must reconcile the physical stock with the sales reported in Annexure-C. Since Annexure-H1 auto-populates based on Annexure-A (Purchases) and Annexure-C (Sales), you cannot directly edit the closing stock.

Related questions

0 votes
1 answer
What is the PTA tax for flip 7 and 6
asked Aug 21, 2025 in Sales Tax & FED by Wahab

429 questions

439 answers

92 comments

1.8k users

Ask TaxationPk is a dedicated question-and-answer platform where individuals, professionals, and business owners can ask tax-related questions and receive accurate, timely responses from a knowledgeable community — including tax experts, practitioners, and experienced filers.

Whether you're confused about income tax, property tax, sales tax, withholding tax, digital services tax, or FBR compliance — this is the place to get clarity.

Ask your questions: Get answers on anything related to Pakistan’s tax laws, return filing, NTN, FBR notices, exemptions, and more.

Browse previous discussions: Explore a growing archive of commonly asked questions and expert answers, curated to help you learn from real scenarios.

Contribute and engage: If you’re a tax professional or an experienced filer, share your knowledge and support others in the community.

Advertise your business and grow your reach with premium ad space on our website.
Powered by eBrain
Launched by: TaxationPk
...