CAF-2 · Chapter 19 · Question 4 of 15
Generally, filing a revised sales tax return requires the approval of the Commissioner within 120 days. Under which condition is this prior approval NOT required?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) If the revised return is filed within 60 days, and the tax payable is more or the refund claimed is less.
Explanation
Approval is not required if the revised return is filed within 60 days of filing the original return, provided that either the tax payable therein is more than the amount paid, or the refund claimed is less than the amount originally claimed.
More Returns and Records MCQs
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