VAT Return Filing
- Home
- VAT Return Filing
Our Services
Audit And Assurance
Direct Tax
Indirect Tax
Comprehensive CFO
Corporate Service
Startup Related Service
Non-Banking Financial Company
Non-Profit Organization
Consultancy Services
VAT Return Filing & Compliance
VAT returns play a crucial role in tax compliance, requiring businesses to report details of their sales, purchases, tax collected, and tax paid. Filing VAT returns is mandatory and varies based on business turnover and type, with returns being filed monthly, quarterly, or annually.
Types of VAT Returns:
- Form 201, 201A, 201B, and 201C – Different forms used for monthly or quarterly VAT return submissions.
- Annual Return (Form 205 or 202) – Every registered dealer must file an annual return that acts as a self-assessment memorandum, ensuring all sales and purchase transactions are accurately reported.
Key Considerations for Annual Returns:
- It is not just a summary of monthly/quarterly returns—it must match the final books of accounts.
- Surplus tax payable can be settled without penalties or interest.
- If a refund is claimed, businesses can either carry forward the tax credit or request an official assessment from the tax department.
Why Choose Panchal S K and Associates?
- Timely & Accurate Filings – Avoid penalties with our expert-led, on-time submissions.
- Error-Free Processing – Ensuring complete accuracy to prevent discrepancies.
- Regulatory Compliance – Stay fully compliant with state-specific VAT laws.
- Expert Advisory & Tax Planning – Optimize tax liability while ensuring legal adherence.