Export/Custom Values differ from Tax Invoice Amount

If in a case where export amounts are less reported in Custom Department ( Export declaration) as compared to our Tax Invoice of 0% & in case of Vice- Verse.

 

What is effect on the seller, he should report its own Tax Invoice Values or Custom Amount in the Tax Return?

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SAJITH N04/11/2020 13:30:10

The VAT reporting should be done with the correct values which presumably would the Invoice value itself. Disclosure for Customs purposes may differ due to incorrect information being provided but such mistakes should be reduced/avoided. So if there is a discrepancy one needs to identify the reasons for the same and make sure disclosure to Customs is done correctly. Reasons for variance with Customs records/declaration may have to be explained to FTA.

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