Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 17 August, 2018


 Back to FAQ

How does the transfer of ownership affect the transitional provisions for supplies of real estate?

If the transfer of ownership occurred before the date of implementation (January 1, 2018), the supply will not be subjected to VAT. If the transfer of ownership occurs after the implementation date, the supply will be subjected to VAT under standard rules.

 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: