Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

AM I REQUIRED TO MAKE ANY DECLARATIONS OR FILE ADDITIONAL ENCLOSURES ALONG WITH THE TAX RETURN AND HOW DO I MAKE ANNUAL ADJUSTMENT FOR THE COMMON INPUTS?

April 26, 2017additional adjustment annual common enclosures file tax return

0

Posted

AM I REQUIRED TO MAKE ANY DECLARATIONS OR FILE ADDITIONAL ENCLOSURES ALONG WITH THE TAX RETURN AND HOW DO I MAKE ANNUAL ADJUSTMENT FOR THE COMMON INPUTS?

1 Answer

0

Posted

You are required to make a declaration in the Form VAT 200 D for every tax period along with tax return giving the break up of your turnovers and input taxes. For the common inputs, you shall repay input tax related to exempt element of common inputs after making adjustment in the tax return for March by filing Form VAT 200B for the period of twelve months ending March.