Sometimes, errors or omissions may occur in a previously filed sales tax return. To correct these mistakes and ensure accurate tax reporting, the Federal Board of Revenue (FBR) provides a mechanism to revise sales tax returns through the Punjab Revenue Authority’s (PRA) IRIS portal.
Steps to Revise a Sales Tax Return on PRA-IRIS:
- Log into PRA-IRIS:
- Access the PRA-IRIS portal using your registered credentials.
- Navigate to the Revision Application:
- Click on the “Sales Tax” tab on the horizontal menu bar.
- A vertical drop-down menu will appear.
- Select “35 (6) Application to Revise Sales Tax Return” from the options.
- Create a Draft Revised Return:
- Before submitting the revision application, create a draft of the revised return.
- Verify all the details, including sales, purchases, input tax, output tax, and other relevant information.
- Save the draft for future reference.
- Submit the Revision Application:
- Once you are satisfied with the revised return, submit the application for revision.
- The system will generate a unique application number for your reference.
- Provide Supporting Documentation:
- Attach any necessary supporting documents, such as revised invoices, receipts, or other relevant paperwork.
- Wait for Approval:
- The tax authorities will review your revision application and supporting documents.
- If the revision is approved, the system will generate a revised return.
- Pay Any Additional Taxes:
- If the revision results in additional tax liability, you will be required to pay the outstanding amount.
Important Considerations:
- Accurate Information: Provide accurate and complete information in the revised return.
- Time Limit: Revision application can be filed with 120 days of filing of tax return
- Supporting Documentation: Keep all supporting documents organized and readily available for verification.
- Consult a Tax Professional: If you encounter any difficulties or have complex tax issues, consult with a tax professional for guidance.
By following these steps and adhering to the guidelines provided by the FBR, you can effectively revise your sales tax return and ensure accurate tax compliance.
