- 9 Marks
PT – Aug 2022 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties
Advise Ekumfi Fruit Processing on the conditions required for a VAT refund under the Value Added Tax Act, 2013.
Question
You are a student of taxation at Ebeyeyie Tax Education Institute. You have been contacted for tax advice by Ekumfi Fruit Processing Ghana Ltd. The company produces various kinds of fruit juices for both local and foreign markets. The Finance Director recently learned that the company can apply for VAT refund from the Ghana Revenue Authority (GRA) and has approached you for advice.
Required:
Advise the company on SIX (6) conditions that must be satisfied before the GRA may refund the excess VAT Input Tax to the company under the Value Added Tax Act, 2013 (Act 870), as amended. (9 marks)
Find Related Questions by Tags, levels, etc.
- Tags: GRA, Input VAT, Tax Administration, Tax Refund Conditions, VAT Refund
- Level: Level 2
- Topic: Value-Added Tax (VAT), Customs, and Excise Duties
- Series: AUG 2022
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