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 Sahan321 (3,060 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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