Every VAT registered business, individual or company, has to submit the following VAT return to the MRA:

• Monthly VAT returns when his taxable supplies exceed Rs 10 million or
• Quarterly VAT returns when his taxable supplies amount to less than Rs 10 million

Due date for submission of VAT return

	Manual Return	Electronic Return
Monthly return	20 days from end of month	One month from end of month
Quarterly return	20 days from end of quarter	One month of end of quarter

Payment of VAT

Manual return: by cash or by cheque*

Electronic return: by internet banking

*If cheque is invalid or dishonored, penalty and interest are applicable.

Penalty & Fine

Non-submission of return by due date: Rs 2000 per month

Late payment of tax: Penalty of 5% and interest of 1% per month

Contact us for filing of your VAT return and let us carry the burden of effecting filings with the MRA for you.