Fta dec files

This will be possible only when VAT software used by the businesses helps in the generation of audit files in the prescribed format. With the level of information to be captured in the audit file, for businesses using manual records, the process of producing the information required by the FTA will be time-consuming.

In other words, it should help you in generating the VAT returns and Audit file with a click of a button such that the businesses are able to meet the VAT compliance with minimum cost. Tally Solutions Updated on: December 13, Introduction FTA File Format Conclusions Introduction The term 'Audit' generally refers to the examination of records, returns and other documents of a registered person to verify that the turnover declared, taxes paid, refund claimed and input tax recovered are correct.

Also, you may need to assign the tax codes like ZR for Zero-rated supplies in order to identify the nature of the supply. The details such as invoice number, invoice date, invoice value, VAT amount, etc.

Document number Permit No. The line number of the invoice etc. Conclusion Once the Tax audit is initiated, it is the responsibility of the business to generate the Audit file and respond quickly to FTA. Stay connected and informed with Mint. Download our App Now!! It'll just take a moment. Looks like you have exceeded the limit to bookmark the image.

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