Return - revise - claim of input vat

[Guest]

WE HAVE FILED OUR VAT RETURN FOR 30-09-2007 AND NOT ACCOUNTED FOR SOME PURCHASE BILL WHICH WERE TAX INVOICE. CAN WE REVISE OUR RETURN AND TAKE THE CLAIM OF INPUT VAT WHICH WAS NOT ACCOUNT FOR AT THE TIME OF FILING OF RETURN. AND IF WE DON NOT WISH TO CLAIM THE INPUT VAT THEN WHETHER WE SHOULD REVISE OUR RETURN TO TALLY THE PURCHASE FIGURE FROM OUR BOOKS TO FILED RETURN.

AI Summary

No provision to revise VAT returns, but corrections allowed in future returns. Input VAT can be claimed now. A query was raised regarding the possibility of revising a VAT return filed on 30-09-2007 to account for unreported tax invoices. The response clarified that there is no provision for revising VAT returns, but adjustments can be made in subsequent returns to correct previous errors. It was advised to account for the tax invoice in the current month and claim the input VAT now. If the VAT is not claimed, the state should not object unless an assessment requires reconciliation. The respondent questioned the decision not to claim the VAT unless it is for tax evasion.