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What is the difference between zero rate VAT & exempt VAT
asked
Aug 23, 2017
in
VAT
by
Sanjaya
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answered
Aug 23, 2017
by
Vish
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If you make a VAT exempt supply, you can not claim the input VAT but if you make a Zero rated supply, you can claim Input VAT while your Output is zero (ie. You may get a refund on zero rated products)
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