What is the difference between zero rate VAT & exempt VAT

asked Aug 23, 2017 in VAT by Sanjaya

1 Answer

0 votes
answered Aug 23, 2017 by Vishan (3,610 points)
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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