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Frequently Asked Questions on VAT

Last updated on 17 August, 2018


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What are the responsibilities of buyers and sellers under the reverse charge mechanism?

Buyers and sellers should make sure they adhere to the following rules:

  • Every registered business owner must keep proper records of their supplies that incur reverse charge.
  • Invoices, receipt vouchers, and refund vouchers must all specify whether the tax payable for that particular transaction is through reverse charge.
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