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Frequently Asked Questions on VAT

Last updated on 17 August, 2018


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What are the eligibility conditions for the profit margin scheme?

The following conditions must be fulfilled for a supply to be eligible under this scheme:

  • The goods must be purchased from a person who is not registered for VAT. But if you do purchase it from a VAT registered person, he or she should be selling it under this scheme.
  • The supplies made under this scheme are not eligible for input tax claim
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