VAT Registration – NBC Institute

PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)

Describe activities under VAT that do not require meeting the threshold rule before registration is done.

Question

a) Meeting the threshold is a requirement for VAT registration. Others may come under voluntary registration. However, certain activities must be registered despite the above rules.

Required:
Describe activities under VAT, which do not require meeting the threshold rule before registration is done.
(9 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auctioneer, Promoter of public entertainment, Threshold rule, VAT exceptions, VAT Registration

Topic: Tax Administration, Value-Added Tax (VAT)
Series: APR 2022

PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)

Explain what compulsory VAT registration entails under the VAT Act.

Question

c) What is Compulsory Registration under the types of VAT registration?
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compulsory registration, Ghana VAT Act, VAT enforcement, VAT Registration

Topic: Tax Administration, Value-Added Tax (VAT)
Series: APR 2022

PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State five circumstances under which the Commissioner-General shall cancel VAT registration.

Question

State FIVE (5) circumstances under which the Commissioner-General shall cancel the VAT registration of a taxable person.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Commissioner-General, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)

Discusses the conditions under which a small business can apply for VAT registration without meeting the threshold requirements.

Question

Abah Enterprise is a small business but intends to bid for government contracts. It has a very small cash flow, with turnover unable to be registered under the compulsory registration arrangement for Value Added Tax. The proprietor of Abah Enterprise feels that if the enterprise is not registered for Value Added Tax, it will be difficult to be able to bid for government contracts.

Required:
Under what condition can Abah Enterprise apply to Ghana Revenue Authority for Value Added Tax Registration without meeting the threshold registration requirements under section 6 of the Value Added Tax Act 2013 (Act 870)?
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Small Business, Tax Administration, Threshold, VAT Registration
Level: Level 2

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

PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Advise on deductibility rules of input VAT incurred before registration.

Question

Atakora Manufacturing Ltd is a company at Winneba that manufactures roofing sheets. The company has recently registered for VAT and is not sure about the treatment of its input VAT paid prior to VAT registration. The company has sought your guidance on how to treat input taxes paid prior to registration.

Required:

Advise the company on the deductibility rules of input VAT incurred by a company prior to VAT registration.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Input VAT, Tax law, VAT Deductibility, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: MAR 2023

PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State the conditions under which voluntary VAT registration may be denied.

Question

An application for a voluntary VAT registration may be denied the opportunity to register for VAT although the Value Added Tax Act, 2013 (Act 870) makes provision for voluntary VAT registration.

Required:

State the conditions under which an application for voluntary VAT registration may be denied.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Conditions for Denial, Tax law, VAT Registration, Voluntary VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: MAR 2023

PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Explanation of five circumstances under which the Commissioner-General may cancel a VAT registration.

Question

State FIVE (5) circumstances under which the Commissioner-General may cancel a VAT registration of a taxable person. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commissioner-General, Tax Administration, VAT, VAT Cancellation, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: JULY 2023

AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana

Explanation of VAT registration period and consequences of failure to register, including ethical considerations and VAT exemptions.

Question

Mr. Patapaa commenced trading on 1 April 2017 and has made the following sales:

Period	Monthly Sales (GH¢)
April to June 2017	29,500
July to September 2017	12,200
October to December 2017	21,500

These figures are stated exclusive of Value Added Tax (VAT). Mr. Patapaa’s sales are all taxable activities.

As a trainee Chartered Accountant, you have advised Patapaa in writing that he should be registered for VAT, but he has refused to register because he thinks his net profit is insufficient to cover the additional cost.

Required:
i) Explain what period Mr. Patapaa was required to compulsorily register for VAT and the implications of continuing to trade after this period without registering. (2 marks)
ii) What are the sanctions for failure to register for VAT? (4 marks)
iii) Briefly explain from an ethical viewpoint the issues you, as a trainee Chartered Accountant, should consider to deal with Mr. Patapaa’s refusal to register for VAT. (2 marks)
iv) State the activities or persons that are exceptions to the normal threshold rules. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Ethics, Threshold Rules, VAT Compliance, VAT Penalties, VAT Registration
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)

Describe activities under VAT that do not require meeting the threshold rule before registration is done.

Question

a) Meeting the threshold is a requirement for VAT registration. Others may come under voluntary registration. However, certain activities must be registered despite the above rules.

Required:
Describe activities under VAT, which do not require meeting the threshold rule before registration is done.
(9 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auctioneer, Promoter of public entertainment, Threshold rule, VAT exceptions, VAT Registration

Topic: Tax Administration, Value-Added Tax (VAT)
Series: APR 2022

PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)

Explain what compulsory VAT registration entails under the VAT Act.

Question

c) What is Compulsory Registration under the types of VAT registration?
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compulsory registration, Ghana VAT Act, VAT enforcement, VAT Registration

Topic: Tax Administration, Value-Added Tax (VAT)
Series: APR 2022

PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State five circumstances under which the Commissioner-General shall cancel VAT registration.

Question

State FIVE (5) circumstances under which the Commissioner-General shall cancel the VAT registration of a taxable person.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Commissioner-General, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)

Discusses the conditions under which a small business can apply for VAT registration without meeting the threshold requirements.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Small Business, Tax Administration, Threshold, VAT Registration
Level: Level 2

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

PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Advise on deductibility rules of input VAT incurred before registration.

Question

Required:

Advise the company on the deductibility rules of input VAT incurred by a company prior to VAT registration.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Input VAT, Tax law, VAT Deductibility, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: MAR 2023

PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State the conditions under which voluntary VAT registration may be denied.

Question

An application for a voluntary VAT registration may be denied the opportunity to register for VAT although the Value Added Tax Act, 2013 (Act 870) makes provision for voluntary VAT registration.

Required:

State the conditions under which an application for voluntary VAT registration may be denied.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Conditions for Denial, Tax law, VAT Registration, Voluntary VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: MAR 2023

PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Explanation of five circumstances under which the Commissioner-General may cancel a VAT registration.

Question

State FIVE (5) circumstances under which the Commissioner-General may cancel a VAT registration of a taxable person. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commissioner-General, Tax Administration, VAT, VAT Cancellation, VAT Registration
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: JULY 2023

AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana

Explanation of VAT registration period and consequences of failure to register, including ethical considerations and VAT exemptions.

Question

Mr. Patapaa commenced trading on 1 April 2017 and has made the following sales:

Period	Monthly Sales (GH¢)
April to June 2017	29,500
July to September 2017	12,200
October to December 2017	21,500

These figures are stated exclusive of Value Added Tax (VAT). Mr. Patapaa’s sales are all taxable activities.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Ethics, Threshold Rules, VAT Compliance, VAT Penalties, VAT Registration
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

Question Tag: VAT Registration

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)

Describe activities under VAT that do not require meeting the threshold rule before registration is done.

You're reporting an error for "PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)"

PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)

Explain what compulsory VAT registration entails under the VAT Act.

You're reporting an error for "PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)"

PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State five circumstances under which the Commissioner-General shall cancel VAT registration.

You're reporting an error for "PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)

Discusses the conditions under which a small business can apply for VAT registration without meeting the threshold requirements.

You're reporting an error for "PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)"

PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Advise on deductibility rules of input VAT incurred before registration.

You're reporting an error for "PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State the conditions under which voluntary VAT registration may be denied.

You're reporting an error for "PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Explanation of five circumstances under which the Commissioner-General may cancel a VAT registration.

You're reporting an error for "PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana

Explanation of VAT registration period and consequences of failure to register, including ethical considerations and VAT exemptions.

You're reporting an error for "AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana"

PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)

Describe activities under VAT that do not require meeting the threshold rule before registration is done.

You're reporting an error for "PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)"

PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)

Explain what compulsory VAT registration entails under the VAT Act.

You're reporting an error for "PT – April 2022 – L2 – Q2c – Value Added Tax (VAT)"

PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State five circumstances under which the Commissioner-General shall cancel VAT registration.

You're reporting an error for "PT – Nov 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)

Discusses the conditions under which a small business can apply for VAT registration without meeting the threshold requirements.

You're reporting an error for "PT – May 2020 – L2 – Q2d – Value-Added Tax (VAT)"

PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Advise on deductibility rules of input VAT incurred before registration.

You're reporting an error for "PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

State the conditions under which voluntary VAT registration may be denied.

You're reporting an error for "PT – March 2023 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Explanation of five circumstances under which the Commissioner-General may cancel a VAT registration.

You're reporting an error for "PT – July 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana

Explanation of VAT registration period and consequences of failure to register, including ethical considerations and VAT exemptions.

You're reporting an error for "AT – Nov 2018 – L3 – Q4a – Tax administration in Ghana"

Our offerings

Contact Info

Customer

Get In Touch

admin