How do we compute Taxable Supply Under VAT Act?
What all sales types shoud be considered for arriving at VAT registration required amount?
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Lubna Yassa25/07/2019 16:53:09
Following sales are to be considered for arriving the threshold limit: Standard rated supplies Zero-rated supplies Reverse charged services received & Imported Goods. However, exempted supplies should not be considered for above calculation.
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Mahnaz Dana25/07/2019 16:53:26
The threshold for registration is: Mandatory registration threshold: AED 375,000 Voluntary registration threshold: AED 187,500
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