Toll Free: 8008445940, 8008500478, 8008500482

Frequently Asked Questions on VAT

Last updated on 26 July, 2018


 Back to FAQ

What is the impact of long-term contracts on one-off supplies of goods or services that take place on or after January 1, 2018?

VAT will be applicable to the full value of any one-off supplies of goods and services made on or after January 1, 2018. The taxable value will include all instalments paid or due.

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

Source: