What is the meaning of SVAT?

asked Sep 19, 2018 in SVAT by Anutheepan

1 Answer

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answered Sep 19, 2018 by Visio (4,530 points)
This simply means suspended VAT. If your customer is registered under SVAT, you can issue VAT less invoice (provided you are also registered as SVAT supplier). SVAT system is to be abolished as per budget proposals.