Return filing requirements clarified: online VAT returns must report statutory form details and rate wise turnover, with transitional relief. Clarifications require dealers to supply details of pending statutory forms and to report tax-rate-wise turn over and exempted turnover in amended online VAT return blocks; transitional non mandatory treatment is allowed for specified tax rate fields for the second quarter only, after which such fields become mandatory. Dealers may regularise missing forms by payment with interest and enter such information in the return block, and submitted pending form details will auto reflect in future returns.
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Return filing requirements clarified: online VAT returns must report statutory form details and rate wise turnover, with transitional relief.
Clarifications require dealers to supply details of pending statutory forms and to report tax-rate-wise turn over and exempted turnover in amended online VAT return blocks; transitional non mandatory treatment is allowed for specified tax rate fields for the second quarter only, after which such fields become mandatory. Dealers may regularise missing forms by payment with interest and enter such information in the return block, and submitted pending form details will auto reflect in future returns.
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