(2a). VAT Returns are monthly returns submitted by registered persons to the Commissioner-General on a specified form for the declaration of his/her input/output, zero-rated, exempt goods dealt in during a period. The difference between output/input will result in the tax due or overpaid.

(b). Registration

A person whose annual turnover is GH¢ 200,000.00 above or GH¢50,000.00 for 3 months, GH¢100,000.00 for six months and GH¢150,000 for nine months.
A person below the registrable level could apply voluntarily to the Commissioner-General to be registered as a taxable person.
The turnover limitation is not applicable to service providers and they are expected to be registered under the VAT Act.
Submission of returns and payment

A taxable person shall account for the tax on monthly basis on a tax return form.
The return shall be in a form prescribed by the Commissioner-General.
The return shall state the amount of tax payable for the period or amount of input tax credit refund claimable.
The cheque for the amount payable shall accompany the return submitted.
The Commissioner-General may require further information to be filed in any period.
The return shall be submitted to the Commissioner-General not later than the last working day of the month immediately following the month to which the return relates.

(c). The Commissioner-General may refuse a person to register as a taxable person if he:

Is satisfied that the person has no fixed or permanent place of business.
Has reasonable grounds to believe that the person:
a. Will not keep proper accounting records relating to the business activity carried out by that person.
b. Will not submit regular and reliable tax return.
c. Is not a fit and proper person to be registered or of unsound mind.