Credit Agreement – NBC Institute

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Question

Serwaa Akoto, a VAT registered trader, sold goods to Kofi Asirifi under a credit agreement. Kofi Asirifi could not pay, and Serwaa Akoto repossessed the goods.

Required:
What are the VAT implications? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Agreement, Repossession, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

Question Tag: Credit Agreement

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Credit Agreement

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

Our offerings

Contact Info

Customer

Get In Touch

admin