Monday, February 20, 2012

3. HOW DO I CLAIM CREDIT FOR THE VAT I HAVE BEEN CHARGED ON MY PURCHASES?

3. HOW DO I CLAIM CREDIT FOR THE VAT I HAVE BEEN CHARGED ON MY PURCHASES? 
You can claim credit for input tax paid on your purchases on the basis of tax invoices you received for the taxable goods. You cannot claim input tax credit for purchases of goods specified in the negative list in the AP VAT Rules 2005.

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