A company is required to submit a VAT return and pay the amount of tax due within twenty-eight days from the end of each Tax period. The tax amount due or refundable for a particular Tax Period is calculated as a difference between total tax payable (output tax) as well as the input credit available. Excess of Output Tax over the Input Tax for a tax period is the amount of Tax Liability to be paid.
VAT Return Filing
How can we support you?
Our Tax professionals provide the following services for VAT Return filing:
- Filing your VAT Return in prescribed Form – VAT201.
- Our team visit your office on a periodical basis (weekly/monthly/Quarterly) to compile the information for filing the VAT Return. At the end of each Tax period, we prepare the VAT return on behalf of your company in compliance with VAT law.
- We ensure timely submission of the VAT returns within the specified time prescribed by law.
We provide professional guidance for the payment of Minimal Tax Liability as per the provisions of the VAT Law.
We make Voluntary Disclosure on behalf of our client to correct VAT Errors in the Returns already submitted before the deadline expires.
We apply for VAT refunds where applicable.