- 4 Marks
PT – April 2022 – L2 – Q2b – Value Added Tax (VAT)
Explain what constitutes the supply of services under the VAT Act 870 (Act 2013).
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There is imposed by the Value Added Tax Act, 2013 (Act 870) a tax to be known as the value added tax, which is to be charged on:
(a) The supply of goods or services made in the country other than exempt goods or services; and
(b) The import of goods or services other than exempt import.
Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
There is imposed by the Value Added Tax Act, 2013 (Act 870) a tax to be known as the value added tax, which is to be charged on:
(a) The supply of goods or services made in the country other than exempt goods or services; and
(b) The import of goods or services other than exempt import.
Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?
Find Related Questions by Tags, levels, etc.
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