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FORM VAT-002 RETURN OF TURNOVER TAX PAYABLE BY A DEALER Refer to sub-rule (6) of Rule 34 01 SKIN 02. Period covered by this return To D M M Y Y Y Y D From D M M Y Y Y Y 03. Name of the business Address
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Return of turnover tax is a form that businesses must file to report their revenue and calculate the tax owed based on their turnover.
Businesses with a turnover exceeding a certain threshold set by the tax authority are required to file return of turnover tax.
To fill out return of turnover tax, businesses need to provide information about their revenue, expenses, and any deductions or credits they are entitled to.
The purpose of return of turnover tax is to calculate the tax owed by a business based on its turnover and ensure compliance with tax laws.
Information such as total revenue, expenses, deductions, credits, and the final tax owed must be reported on return of turnover tax.
The deadline to file return of turnover tax in 2023 is typically set by the tax authority and can vary depending on the jurisdiction.
The penalty for the late filing of return of turnover tax can include fines, interest on unpaid taxes, and potential legal action by the tax authority.
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