By Rahib Tinwala on 19 May 2020
A UAE National registered with FTA with effect from 01.01.2018 because he has taxables supplies in form of leasing of commercial properties. From April 2018 he enters contract with the construction company to construct labour camps. Since then labour camp is under construction and for the year 2018,2019 and 2020 input VAT is AED 0.85 million.
My question is that can whole 0.85 million input VAT can be claimed in the current quarter Or to wait till the construction of labour camps gets completed Or to go for the voluntary disclosure for the past periods in order to claim input VAT ?
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