In a circular released by Maldives Inland Revenue Authority (MIRA) on Monday, it has been announced that revisions have been made to GST returns.
The General Sector GST Return (MIRA 205) and the Tourism Sector GST Return (MIRA 206) required to be filed under the Goods and Service Tax Act (Law Number 10/2011) have been revised.
In the first page of the returns, item number 9 is added as “GST collected in excess”. The amounts that must be reported in this item include, the amount of GST charged on nontaxable goods or services and the amount of tax overcharged. All GST registered persons are required to use version 20.2 of the GST return effective from 1 December 2020.
The revised returns (version 20.2) are available on the MIRA website.
Should you have any queries, call 1415 or email them at 1415@mira.gov.mv.
