How to file vat returns

To navigate, you can click on the arrow buttons on the bottom left-hand corner. Or you can simply click on the worksheet name and it will open. Fill in your KRA Pin, the type of return which is original unless you are amending. The entity type is usually the head office.

Enter the return period from and to, well, this is the beginning and end of the month. Note we file for the previous month. Click next to continue. This is for recording the sales you have made. If your clients have pins, record them using the provided format and input each at a time. Use the add rows option to add more clients. The other option is when you have no PINs for the clients. Jump to sheet F. This is in case you have made some taxable purchases. The type of purchase is either local or import.

You have to enter the details of each supplier individually. Remember once you enter the taxable amount, the Vat is calculated automatically. Remember to add rows if you want to add more records. This section is the last one. It displays the amount of Vat to be paid at the bottom. If you had credit brought forward from the previous month, there is a provision for the same.

Also, note there is an entry for withholding Vat credit. Once you are satisfied that everything is okay, click validate. A zipped file is created and stored on your computer. Go to the returns option and click on file return. Select VAT obligation and click next. The return period is filled automatically. Click on browse and locate your zipped file on your computer.

The downloaded VAT return excel format consists of 14 Sheets in which the details need to be mentioned by the taxpayers. The details of your Sales and purchases need to be mentioned in the prescribed format. An important point to be noted here is that the VAT return excel format does not allow you to copy and paste details. You need to manually enter. Return filing process will be easier for businesses using accounting software with the capabilities to auto-capture the details into the VAT return excel format.

Else, it takes a lot of efforts and time to complete the VAT return format. If there are any errors, it will display the error message and take you to the sheet in which all the error messages are captured. You need to rectify the errors and again validate the details. If there are no errors, it will generate the zip file which needs to be uploaded.

The final step in filing VAT return in the iTax portal is to upload the zip file. To upload the zip file into the iTax portal, follow the steps given below:.