Correction of returns: taxpayer must revise discovered discrepancies within the following year and pay owed tax and interest. Section 28 allows a person who discovers a discrepancy in a VAT return to remove that discrepancy and furnish a revised return within the year following the tax period; if the discrepancy caused underpayment, the person must pay the additional tax and interest. A transitional proviso imposes a specific deadline for furnishing revised returns for certain tax years, and legislative amendments reflect prior differing time-limits and procedural rules for revision and objection.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Correction of returns: taxpayer must revise discovered discrepancies within the following year and pay owed tax and interest.
Section 28 allows a person who discovers a discrepancy in a VAT return to remove that discrepancy and furnish a revised return within the year following the tax period; if the discrepancy caused underpayment, the person must pay the additional tax and interest. A transitional proviso imposes a specific deadline for furnishing revised returns for certain tax years, and legislative amendments reflect prior differing time-limits and procedural rules for revision and objection.
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