How to determine what data you need to submit
Hi James. SARS selected your Vat201 return for verification, that's why you received a request to submit Vat
supporting data. It doesn't necessarily mean your Vat
201 is incorrect.
Each return is different, so there's no set list of Vat
supporting data to submit. However, you should supply these 14 records.
The 14 records you must keep to satisfy SARS
Evidence of your stock and transactions:
1. Invoices, receipts and register tapes
Any records that document all the goods and services you supplied, received and imported for the tax
3. Stock sheets and control lists
4. Records of any imports you've made, together with all their customs documentation
5. If you have agents who act on your behalf, a list of their details and the transactions they did on your behalf
Evidence of your Vat
The rate of Vat
you applied to all these supplies
8. Any documentation that supports your claim to apply zero rate
***** recommended for you ****
BREAKING NEWS: SARS introduces more changes to the VAT return
Are you 100% sure you've covered all your bases?
All it takes is putting a zero in the wrong place on your VAT return to get in trouble with SARS – and even trigger an audit!
Don't let this happen to you!
9. Ledgers, cash books, journals and all books of account
10. Debit and credit notes
11. Paid cheques and cheque books
12. Bank statements and deposit slips
13. Debtors and creditors slips
14. The accounting system instruction manuals and system and program documentation so the auditors can understand your systems
So you see James, SARS requesting Vat
supporting data doesn't always mean your return was incorrect. Submitting Vat
supporting data is nothing to be frantic about.