The Ministry of Finance has announced a deadline for #corporate #tax #registration and as per the Cabinet decision, the first deadline is in the month of May 2024. The most important point is that the deadline is based on the company #registration date which is the entity’s formation date that is mentioned on the trade …
Can we #edit or #rectify submitted VAT returns in the FTA portal without any penalty if you find any mistake or error later? Yes we can rectify it within the due date of the same vat period. Example . VAT return submitted on 1st March. Mistake found on 5 the march VAT due date is …
HOW TO RECTIFY VAT ERRORS ALREADY SUBMITTED- WITHIN THE DUE DATE Read More »
IS THERE ANY VAT PROFILE AMENDMENT PENALTY ? THE ANSWER DEPENDS UPON THE NATURE OF #AMENDMENT. Does the VAT profile amendment lead to the penalty? The answer depends upon the nature of the #amendment and the time of updation of the tax records kept by the authority. For easy understanding, we can divide the updating …
