Can we record a purchase after an year for VAT?

[Laxminarayana Yepuri]

We did not record a big purchase made last year for VAT and we would like to claim that this year? What is the duration allowed, we have invoices and everything required, it was a genuine mistake that we did not record it for filing.

Appreciate any laws/documentation regarding this.

[Ganeshan Kalyani]

You have to show the purchase in the year it was purchased. If you have missed to disclose you can revise the return of particular month in which it was purchased or it can be shown in the annual return of the relevant year.

[DR.MARIAPPAN GOVINDARAJAN]

As indicated by Shri Ganeshan, you may file a revised return as per the respective VAT law.

AI Summary

Recording purchases for VAT must reflect the year of acquisition; missed entries may be corrected by filing revised returns.
Purchases must be recorded in the tax period of acquisition; omissions may be corrected by filing a revised return for the month of purchase or by disclosing the purchase in the annual return of the relevant year, subject to the procedural requirements of the applicable VAT law.