FINALLY | |
Check that every
box is completed. REMEMBER YOU MUST INSERT NIL WHEREVER NECESSARY. DO NOT LEAVE ANY BOX BLANK. Ensure you have signed and dated the return. If you make a mistake cross out the figure and sign it with your initials and insert the correct figure; |
|
REMEMBER | |
You must file the return at the Designated Centers by the 20th day of the month following the month for which the return has been completed, and any tax due paid by that date. You will be penalized and in addition incur an interest charge for failing to submit VAT return and pay the tax in time i.e. by the 20th day of the following month. Failure to file a NIL return by the 20th day of the following month will also incur a penalty. | |
Also Note | |
Filing a false declaration invites penalties. |