We imported goods from China and paid VAT under RCM and reclaimed the same in the last return. During this quarter we exported some of them to Bahrain. Do we need to repay the input tax claimed wrt such exported goods?
We imported goods from China and paid VAT under RCM and reclaimed the same in the last return. During this quarter we exported some of them to Bahrain. Do we need to repay the input tax claimed wrt such exported goods?
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Lubna Yassa08/08/2019 11:01:43
Exports are zero-rated and from now onwards only claim input on inventory used to make supplies. Cannot claim input vat on unsold goods.
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