Application for input tax apportionment method
Who all can apply for special input tax apportionment method?
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Anshika Agrawal15/10/2019 10:45:31
To be eligible to apply for the special method of input tax apportionment, all of the following conditions must be met: - the applicant has been registered for VAT for at least 6 months; - the applicant makes both taxable supplies and exempt supplies; - the standard method of input tax apportionment does not give a fair and reasonable result to input tax recovery.
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