VAT3 Returns
The VAT3 Return report is a comprehensive summary of your VAT returns. This report contains a list of VAT return files which are generated for a specific time period.
The actions that you can perform in this report are:
The VAT3 returns generated in Zoho Books follows the standards and specifications mentioned by the KRA (Kenya Revenue Authority).
Generate VAT3 Return
To generate the VAT3 return file:
- Go to the Reports module in the left sidebar.
- Select VAT3 Returns under VAT.
- Click Generate VAT3 Return.
Your VAT3 return will be now be generated in Zoho Books.
View the VAT3 Return
To view the VAT3 return file:
- Go to the Reports module in the left sidebar.
- Select VAT3 Returns under VAT.
- Select any report that you’ve generated to view the report.
The VAT3 return file consists of the following sections:
Sales (Goods and Services)
Purchases (Goods and Services)
Net VAT Due
You can delete any VAT3 return that you’ve generated by clicking the Trash icon next to it.
Export or Download File
You can download or export the drill down report of the following boxes:
- Boxes 1,2,3 and 4 under Sales (Goods and Services) section
- Boxes 7,8,9 and 10 under Purchases (Goods and Services) section
- Box 15 under Net VAT Due section
To export:
- Go to Reports in the left sidebar.
- Select VAT3 Returns under VAT.
- Select the box that you want to export .
- Click Export As in the top right corner of the report.
- Select CSV to export the file.
The exported file will be downloaded in CSV format. You can copy the values from the downloaded file using a spreadsheet software like Zoho Sheet and paste them in the file downloaded from iTax portal.
Mark the VAT3 Return as Filed
After you’ve exported and filed your VAT3 return in the iTAX portal, you can mark it as filed in Zoho Books. Here’s how:
- Go to Reports in the left sidebar.
- Select VAT3 Returns under VAT.
- Select any one VAT3 return that you’ve generated.
- Click the Mark as Filed button on the top right corner of the report.
- Click OK to confirm.