Hello Friends,
You must be receiving an email from FTA with a subject line: (Reminder) Restriction on VAT301 Form
Lets understand!
1. What is VAT 301 form?
VAT 301 is an Import Declaration Form used for making VAT Payment on imports made by a person registered under VAT and have valid TRN.
2. Why are we receiving this email from FTA?
This is a general reminder communication that this form will be deactivated from 23-02-2021 for all the users.
3. Is any action required?
SITUATION 1: You are registered with VAT and have valid TRN, but do not have Custom Registration Number (CRN).
👉Register with Custom department and link your CRN with your VAT Tax Registration Number(TRN).
SITUATION 2: You are registered with VAT and have valid TRN and all your Custom Registration Number (CRN) are linked with VAT TRN.
👉No action required.
SITUATION 3: You are registered with VAT and have valid TRN but your Custom Registration Number (CRN) are NOT linked with VAT TRN.
👉Ensure to Link your CRN with your TRN.
NOTE: Alternatively, you will only be able to import goods via a clearing company that is registered with the FTA or only use form VAT301 to utilize the payment option.