Vat return
Querist : Anonymous
but in actual there is purchase from unregistered dealer in books what shall i do
kindly advice
Querist : Anonymous
but in actual there is purchase from unregistered dealer in books and we can not revise the return ,what shall i do
kindly advice
1. Can you revise the return?
Normally, most VAT departments allow revision of returns within a prescribed time limit.
But if the system or department does not allow revision, then you need to take alternative steps.
2. What to do if revision is not allowed?
Disclose the missed purchases in the next VAT return — show the cumulative correct figures including the missed purchases.
Submit a written explanation or letter to the VAT department explaining the omission and your intention to rectify it in subsequent returns.
Keep proper records to support your claim.
3. Why is declaring purchases from unregistered dealers important?
Purchases from unregistered dealers might attract reverse charge mechanism or additional tax liabilities.
Not declaring these could lead to scrutiny or penalty.
Summary:
Situation Action
Revision allowed File revised return with correct info
Revision NOT allowed Declare missed purchase in next return + submit explanation to department
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