C
ClearView News

Can we file revised VAT return?

Author

Jessica Burns

Published Feb 20, 2026

Can we file revised VAT return?

It is under Section 12(2) of the KVAT Act that the dealer on detecting any omission or mistake in the monthly return, can file a revised return rectifying the same within two months from the last day of the return period.

Furthermore, can VAT return be revised now?

Dealer can file Revise VAT Return within 6 months from the end of relevant tax period. However Dealer cannot change OB from previous month. This will remain same as per previous month Return. CTO will approve such Revise Return.

Similarly, how do I amend a VAT return? Simple Steps on How To File an Amended Return

  1. iTax LOGIN Log into your iTax profile.
  2. Returns Menu On the red menu bar, rest the mouse on ?
  3. Select File Amended Return Option A drop down menu will appear.
  4. Tax Obligation Under Tax obligation, select applicable obligation e.g. Value Added Tax (VAT) (4).

Also to know, can VAT return be revised twice?

If you have filed your tax return for FY 2015-16 on or before 5th August, 2016, then you can file a revised return any number of times up to 31st March 2018.

Can we revise Form 704?

Ans : There is no provision of filing revised Form 704 ( Audit Report) or no provision for rectification of form 704. You may submit your say to the concerned officer, whenever you receive any notice in this regards.

Can excise return be revised?

As per Central Excise Act, a person can claim refund of excise within 1 year. So it is expected under GST, revision of old returns and subsequent refunds will be allowed within 1 year from the relevant date (the original date for return filing).

Is VAT valid after GST?

VAT- Not applicable, as VAT is only for goods, not services. GST- The paid GST on services adds up to total input GST comparable to total output GST, which may be on goods sold. Finally the tax payer gets the input credit on tax for the services availed by the products you purchased.

Can VAT audit report be revised?

you cannot revised the VAT Audit Report even it is erroneous.

How do I claim VAT back in India?

claim of refund (in Form VAT-26). any one of them.

vat refund

  1. The exporter should have obtained TIN number.
  2. The purchase invoices coming for the exporter should have both the exporter's TIN as well as the supplier TIN.
  3. The VAT percentage and tax should be clearly mentioned in the purchase invoice.

What is the last date for VAT payment?

If you pay your VAT monthly or quarterly, the deadline for submitting your return and paying any VAT you owe is one calendar month and seven days after the end of the VAT period. For example, for the quarter ending 31 March 2017, your return must be submitted and payment cleared in HMRC's account by 7 May 2017.

Can I file service tax return now?

Utilities for e-filing Service Tax Returns (ST-3 & ST3C) for the period October, 2016-March, 2017 are now available in both offline and online version. The last date of filing the ST-3/ST3C return for the said period is 25th April, 2017.

How do I correct a wrongly filed tax return?

Step 1: Once you login, go to My Tax Return under My Account. Step 2: Click on 'View Details' for the year you want to revise your income tax return. Step 3: You will see the acknowledgment number and date of filing of the original return. Scroll down and click on 'Click here to mark this Income Tax Return as revised'.

Can ITR be revised after processing?

Yes, an Income Tax return can be revised even after the ITR has been processed. The taxpayer can submit a rectification request under Section 154 of the Income Tax Act. The taxpayer can file a revised IT return under Section 139(5) of the Income Tax Act.

Can I file ITR twice?

There is no limit for the number of times you can file a revised return. Remember, every time you file a revised return, you are required to provide details of your original ITR.

What is only reprocess the return?

A rectification request can be filed only for returns which are already processed in CPC, Bangalore. If on rectifying a 'mistake' there is a change in Income – a rectification should not be filed. In this case, a Revised Income Tax Return should be filed. No new deductions or exemptions are allowed to be claimed.

Can ITR form be changed in revised return?

You can still revise your income tax return even if you have received Income Tax Refund. The Revision can be done either in the same ITR Form in which the original return was filed or in a different ITR Form.

What happens if you fill wrong ITR?

Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return. Revised return allows you to rectify the error or omission of facts made at the time of filing your original ITR.

Can I amend tax return after submission?

If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, entering the corrected information and explaining why you are changing what was reported on your original return. You don't have to redo your entire return, either.

Do we need to e verify both original and revised returns?

If you verify the original return within the period of 120 days of filing, and the revised return, both will become valid, and the revised will take precedence (since revised return replaces original return in every aspect) and will be taken up for assessment.

Can I file revised ITR for AY 2018/19 now?

In other words, return filed for AY 2018-19 can be revised till 31 March 2019, or before the assessment happens, whichever is earlier. Till last AY, i.e. 2017-18, returns were allowed to be revised till the end of one year from the end of the relevant AY.

How do companies file VAT returns?

Procedure
  1. Step 1: Download the VAT excel sheet from iTax (similar to the one from the old taxpayer software/ ITMS).
  2. Step 2: Fill out the details of the excel sheet and generate the output – zip file.
  3. Step 3: Upload the zip file onto iTax.
  4. Step 4: Generate payment slip for the just submitted VAT liability.

How do I amend my KRA return?

You can file an amended return:Click on returns, select file amended return, download the IT1 excel sheet, under the type of return

How can I amend my taxes online?

If you need to amend tax return(s) that you prepared using an online program, you might be able to prepare an amended return using that program. However, the IRS doesn't accept e-filed amended returns. You'll need to print and mail the amendment using Form 1040X.

How do I file my nil VAT return online?

How do I fill up a nil return online?
  1. Enter your income details and deductions. Income tax is computed and you will be shown that you have no tax due.
  2. Submit your return to the Income Tax Department. And send your ITR-V to CPC Bangalore to complete the e-filing process.

What is kra PRN?

The taxpayers shall be required to generate a Payment Registration Number (PRN) on iTax under Presumptive Tax Payment, after which they can pay through M-Pesa Pay Bill Number 572572 or any other partner bank.

How do I file a previous year's return?

1. Filing ITR for Previous Years. According to the Finance Act 2016 amendment, you can file your belated IT Returns anytime on or before 1 year from the end of the relevant Assessment Year (AY). Example, for the AY 2016-17, the timeline to file a belated return was on or before 31 March 2018.

What is e704?

What is Audit Report in Form 704? Ans : It is a report under section 61 of MVAT ACT, 2002 to be submitted by eligible dealer. within 10 months of the end of a particular financial year.

What is Form 704 in sale tax?

FORM – 704. The Audit Report under the Maharashtra Value Added Tax Act, 2002. 1. under the Central Sales Tax Act, 1956 (hereinafter referred to as “the CST Act” ) is conducted by (*) me/us (Chartered accountants/cost accountant) in pursuance of the section 61 of the MVAT Act .

How do I file Form 704?

2.2 Steps for filing /uploading of Form e-704 are as under:
  1. First login to mahavat.gov.in.
  2. Click on the menu “Downloads”.
  3. Select Form e 704 from this Downloads menu.
  4. Save the downloaded Form e 704.
  5. The user may go offline now.
  6. The users are advised to follow following sequence while filing Form e-704.

Continue Reading

How do I use Zoho people?

Is a partnership business taxed?

What is the legal alcohol limit in Scotland?

Can we file revised VAT return?