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Form VAT003

This document is a VAT (value added tax) return filed by Kenneth P. Punnett for the tax period of March 2019. It shows sales, purchases, imports, output tax, input tax, tax payable, and excess credit. The key figures are total sales of $34,695.44, output tax of $4,785.58, input tax of $1,869.04, and tax payable of $1,194.19.

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Tamara Wilson
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87 views1 page

Form VAT003

This document is a VAT (value added tax) return filed by Kenneth P. Punnett for the tax period of March 2019. It shows sales, purchases, imports, output tax, input tax, tax payable, and excess credit. The key figures are total sales of $34,695.44, output tax of $4,785.58, input tax of $1,869.04, and tax payable of $1,194.19.

Uploaded by

Tamara Wilson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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St.

Vincent & the Grenadines VAT 003 April 2007


Inland Revenue Department

VAT TAX RETURN

Submission date 09/04/2019

PART 1 - TAXPAYER AND TAX IDENTIFICATION


Name KENNETH P. PUNNETT
Address

VAT Identification No.: Tax Period: Assessment Period date: Due date:
02037353 MARCH 2019 From: 01/03/2019 To: 31/03/2019 15/04/2018

PART 2 - TAX DECLARATION AND CALCULATION


FROM THE PREVIOUS PERIOD
(100) Credit brought forward from a previous tax period (s) (100) $ 1722.35
COMPUTATION OF OUTPUT TAX
(200) Standard Rated Supplies (sales) : – VAT Inclusive (16%) (200) $ 34695.44
(210) Accommodation, Land, Marine & Sea tours : – VAT Inclusive 11% (210) $
(220) Zero-rated Supplies (sales) (220) $
(230) Exempt Supplies (sales) (230) $
(240) TOTAL SUPPLIES (sales) (add Lines 200 to 230) (240) $ 34695.44
(250) VAT Payable on Standard Rated Supplies (sales) (Line 200 x (16/116)) (250) $ 4785.58
(260) VAT Payable on Accommodation, Land, Marine & Sea tours (sales) (Line 210 x (11/111)) (260) $ 0.00
(270) VAT Adjustments (e.g. debit notes issued / credit notes received) (270) $
(295) TOTAL OUTPUT TAX FOR THIS TAX PERIOD (add Lines 250 to 270) (295) $ 4785.58
COMPUTATION OF INPUT TAX DEDUCTIONS
(300) Value of Imports (300) $ 7362.11
(310) Value of domestic purchases on which VAT was paid (310) $ 1499.21
(320) VAT paid to the Comptroller of Customs on imports (320) $ 1721.61
(330) VAT paid or payable on local Taxable Supplies (purchases) (330) $ 147.43
(340) VAT adjustments (e.g. debit notes received / credit notes issued) (340) $
(395) TOTAL INPUT TAX FOR THIS TAX PERIOD (Add lines 320 to 340) (395) $ 1869.04
COMPUTATION OF TAX PAYABLE TO INLAND REVENUE
(400) Tax payable for this tax period (If line 295 is greater than line 395, enter difference here) (400) $ 2916.54
(410) Tax due (line 400 – line 100, If result is less than 0, then enter 0 here) (410) $ 1194.19
(420) Amount paid on filing (420) $
(430) Balance due - if any (line 410 minus line 420) (430) $ 1194.19
COMPUTATION OF EXCESS CREDIT TO TAXPAYER
(500) Excess credit for this tax period (if line 395 is greater than line 295 enter the difference) (500) $ 0.00
(510) Total excess credit to be carried forward to the next tax period (510) $ 0.00

(600) VAT on major capital acquisitions (600) $


(610) Amount of zero-rated exports (610)

Range of tax invoices used this period: from (620) to (630)

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