Toll Free: 8008445940, 8008500478

Frequently Asked Questions on VAT


 Back to FAQ

What are some examples of one-off supply?

Here are some examples of one-off supply:

  • A sale to a consumer in a retail store 
  • A manufacturer placing an order with their supplier, to be shipped and delivered the next month
  • A sale of goods in instalments where the customer takes possession and ownership of the goods once the payment is completed
  • Transaction fees that banks charge to individuals 
  • Fees for attending events
  • A consultant providing reports
  • Repair services offered by a repair and maintenance company
  • Any contract that allows the customer to take ownership of the goods before the date of transfer. This includes any finance lease or hire contract that results in a transfer of ownership and involves payment in instalments.
 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: