Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 28 February, 2019


 Back to FAQ

Can businesses claim VAT incurred on expenses?

Businesses can claim VAT under the following circumstances:

  • If the business is registered under VAT, they can claim a refund on expenses (the end consumer cannot claim any input tax refund).
  • The VAT should be charged correctly (i.e., unduly charged VAT is not recoverable).
  • Businesses should have proper documents (such as a valid VAT invoice) showing that the VAT is paid.
  • VAT input tax refund can be claimed only on the amount paid (or intended to be paid) within 6 months after the supply date.
 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: