hi all
it is by mistake we did not able to show 2 purchase bills from june month and 3 purchase bills from july month… august and september month sales tax is ok… now we are going to file october month sales tax returns….i noticed this only yesterday… my doubt is can i show those missing bills in october return with dates of june and july… or i have to file revised return… we have proprietor ship concern.. dad is proprietor… and i am his son… we had issued cheques to sales tax for respective months also to our assesment circle… should i ignore those bills or should i add them along with october return… pls tell me proper procedure with it
tell me soon… waiting for it….
1 Answer
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You could file an amended return for each month but honestly – it depends on how much those bills are for. Materiality counts as does the tax requirements. Some businesses pay monthly even though their tax bill is not required but quarterly, semi-yearly, yearly. Not sure where you live but these things all play a role. If it is not a lot, pay it now and keep good notes so if you get audited you can explain it.