Frequently Asked Questions on VAT

Last updated on 07 February, 2019


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What details are required when I file VAT returns?

At the bare minimum, the taxpayer must furnish the following details when filing VAT returns:

  1. The value of all the standard-rated taxable supplies and the amount due for the tax period under which the return is submitted.
  2. The value of all the zero-rated taxable supplies and the amount due for the tax period under which the return is submitted.
  3. The value of all the goods and services that were supplied to the taxable person and the amount of tax they are liable to pay for them.
  4. The amount of tax incurred on imports, if any, for the tax period under which the return is submitted.
  5. The amount of additional tax due because of adjustments.
  6. The total amount of tax due for the tax period under which the return is submitted.
  7. The total value of all the inputs paid for by the taxable person during the tax period, and their deductible amount.
  8. The value of the net refundable tax from previous tax periods, if any.
  9. The amount of tax that can be deducted from imports.
  10. The amount of excess tax that is associated with adjustments related to discounts.
  11. The amount of deductible tax during the tax period for which the return is submitted.
  12. The total amount of net tax that is either due or refundable.
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