how to vat return filing in online

your total sales and purchases; the amount of VAT you owe; the amount of VAT you can reclaim; what your VAT … All the businesses registered under KRA VAT need to file VAT return on a monthly basis. To access this form, the taxpayer must log in to the FTA e-Services portal, and select VAT->VAT 201- VAT Return on the navigation menu. Upload the generated xml file as well as the duly filled annexures. Spend some time checking the figures on your FreeAgent VAT return, and work through … The process overviews present the steps required to perform the different processes, manually or online. The return will automatically be approved. Also, certain type of businesses are requested to file the VAT return on a monthly basis. Alternatively, the Directorate help desk may be contacted for retrieving the login details. VAT returns must be filed once every month or quarter (depending on turnover or the state). After the download is complete, the form and all the downloaded annexures need to be filled duly with data pertaining to your VAT receipts and other relevant details. This Page is BLOCKED as it is using Iframes. Download the Excel Vat return form. An e-service provided by the General Authority of Zakat and Tax, which enables beneficiaries to submit a VAT return, as persons eligible for VAT must file their tax returns and disclose all transactions related to sales and taxable purchases. Enterprises that make an annual turnover of Rs.5 lakhs or more are required to register for payment of VAT. At this points, all upload could be correct and the process could be over or there could be errors which the server will prompt and ask you to rectify. Uh-oh! Here are the benefits of the same: Easy and Time-Saving: e-filing VAT returns can be done in a short time, depending on how many transactions you have made. These are basically the prerequisites for filing VAT, online. The password that is furnished to you needs to be changed when you login to the system for the first time, VAT returns can be filed online only if you have the software that accepts data for e-filing of return and then processes it to xml for uploading later. They also want penalty charges, which shoot incredibly after a particular period of time, to be brought down. Currently, once logged in the e-Filer currently can be able to submit the VAT return: a. Since VAT comes under the prerogative of state governments, hence different states have different VAT e-filing portals. With the above points as reference, filing VAT online can be a really easy process. However, this amount is dependent on State laws can be modified by the State Government. Riyadh 11187-12628, Last Modified Date: 02/03/2021 - 10:18 PM Saudi Arabia Time, Please tell us why You cannot use your online account to send your VAT Return if you’ve signed up for ‘Making Tax Digital for VAT ’. Filing VAT returns online is a great way of keeping up with the taxation process. Download the PDF version of Form 14D which is the VAT return filing form. You must submit your VAT returns digitally and on time, to avoid a fine. General filing of VAT causes issues since most governments set stringent deadlines for the same. At the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return’ to Federal Tax Authority (FTA).. A VAT return summarises the value of the supplies and purchases a taxable person has made during the tax period, and shows the taxable person’s VAT liability. VAT is a multi-level taxation system which means that tax is levied at each stage of production of goods and services. VAT stands for Value Added Tax and is supposed to be paid by producers of goods and services to the government. TIN Registration or Value Added Tax Registration is necessary for businesses trading or producing goods in the country. You may however authorize your bank to pay the tax through a direct credit transfer to the Commissioners account at the Central Bank of Kenya. All companies must log onto the FTA's website and check the tax period under their profile. The Taxpayer must have registered and obtained TIN before accessing the e- filing platform. This tax replaced Sales Tax in India and is ultimately borne by the customer. Introduction of VAT is believed to make the taxation process more efficient and transparent. In our previous article ‘KRA VAT returns’ we have discussed VAT Return Form-3 and the details to be mentioned in the VAT Return Excel Format. Here, one is required to fill in information regarding the following: The tax returns shall be filed online using e-services. A A VAT Return An e-service provided by the General Authority of Zakat and Tax, which enables beneficiaries to submit a VAT return, as persons eligible for VAT must file their tax returns and disclose all transactions related to sales and taxable purchases. Submit your VAT Return online You need a VAT number and a VAT online account. Users are required to use this id-password combination to enter the VAT e-filing system. The state ) must submit your VAT return 40 days for approval worry, you can learn to... Basically the prerequisites for filing VAT returns online is a great way keeping. Have the opportunity to review your how to vat return filing in online before submitting your VAT return the. After you review your figures before submitting your VAT return filing Dubai user login. That make an annual turnover of Rs.5 lakhs or more are required to use this id-password combination to the... Filing by these enterprises can be done offline as well as imported goods and.... 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