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>with the requirement to file 37 times a year online. In the UK I do a VAT return 4 times a year!
by jimnotgym 9y ago
>with the requirement to file 37 times a year online.
In the UK I do a VAT return 4 times a year!
- prashantganti 9y agoWhile 37 times looks like a huge number but it is not that complex. Most of the data is auto-populated based on your invoices and supplier information. In most cases, all you would be required do is press the "file now" button.
- pandel 9y agoThe number is arrived from the myth that people need to file 3 returns per month and one at the end of the year. Another article[1] quotes Revenue secretary saying "There is only one return with three parts, out of which first part filed by dealer and two other parts auto populated by computer." So effectively 12 + 1 returns every year EDIT: A tweet from the secretary himself: https://twitter.com/adhia03/status/881428128177901570 https://twitter.com/adhia03/status/881428128177901570 [1] http://indianexpress.com/article/business/economy/revenue-secretary-busts-8-gst-myths-says-implementation-and-execution-will-be-transparent-4732070/ http://indianexpress.com/article/business/economy/revenue-se...