MRA Staff Welfare Association

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Value Added Tax

1. What is Value Added Tax (VAT)?

2. The VAT mechanism.

3. The types of supplies under the VAT Act.

4. When is a person required to be registered for VAT?

5. What are the consequences if a person fails to register for VAT?

6. What are the advantages of being registered for VAT?

7. Claiming credit for input VAT - What are the rules?

8. VAT refund/ Repayment of VAT.

9. Time of Supply.

10. What is a VAT invoice?