Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 17 August, 2018


 Back to FAQ

What types of transactions are ineligible for pre-registration input tax recovery?

Input tax may not be recovered under any of these circumstances:

  • If the receipt of goods and services is not meant for making taxable supplies 
  • If the supply is a capital asset and its value depreciates before the tax registration
  • If the supply was received five years or more before the date of registration
  • If the supplier has moved the goods to another state or country prior to tax registration in that state
 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: