VAT201 Return

The VAT201 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 VAT201 returns generated in Zoho Books follow the standards and specifications mentioned by the SARS (South Africa Revenue Service).

Generate VAT Return

Go to Reports on the left sidebar.
Navigate to VAT and click VAT201 Report.
Click Generate VAT201 report.

VAT201 Return will be generated.

View VAT201 Return

To view the VAT201 return file:

Go to Reports on the left sidebar.
Navigate to VAT and click VAT201 Report.
Click any report that you’ve generated to view the report.

The VAT201 return file consists of the following sections:

Calculation of Output Tax and Imported Services

Calculation of Input Tax

Net VAT Due

If you click the particular transaction, you will be redirected to the transaction page.

To share the VAT201 Return report with the other users in your organisation:

Click the Share icon at the top-right corner. The Share Report pop-up will appear.
Select the Users and the Permission from the dropdowns.
Click Add User.

Mark VAT201 Return as Filed

To file VAT201 return in Zoho Books:

Go to Reports in the left side bar.
Navigate to VAT and click VAT201 Report.
Select a VAT201 return that you’ve generated.
Click Mark as Filed in the top-right corner.
Click OK in the following File VAT Return pop-up to confirm.

Make Corrections on VAT201 Return Report

If you’ve created any sales transactions after filing VAT, you can make corrections in the recent VAT return file to update the latest sales transactions.

To do so:

Go to Reports in the left side bar.
Navigate to VAT and click VAT201 Report.
Select the filed VAT201 return for which you like to make the corrections.
Click the drop-down next to Mark as Unfiled and select Make Corrections.
Click Make Corrections in the following pop-up to confirm. The VAT Return will automatically be unfiled, and you can update it with the latest sales transactions and file it again.