VAT Articles



Arjun (Fictional Character): Krishna, the Maharashtra Government has introduced various schemes in the Budget to settle old disputes. Considering the same, the government has introduced an ordinance to solve disputes between Maharashtra government and taxpayers. What is this ordina..

Posted in VAT  2 comments |   843 Views




Being registered under the VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT from customers and remit the same to the government. Only VAT registered businesses will be allowed to do the following: Charge VAT o..

Posted in VAT  1 comments |   1051 Views




Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation of supply under VAT? What will be included in the value of taxable supply on which VAT is calculated? If the entire consideration i..

Posted in VAT |   847 Views




VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, VAT is charged at every stage of 'Value Addition' in the supply chain and the mechanism of Input tax deduction ensures that ..

Posted in VAT  1 comments |   879 Views



Date and Place of Supply on UAE VAT

  CA Deepak Bharti    15 November 2018 at 11:12

The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration to carry out the quantification. This article provides for the manner of determining the 'Date of Supply'. The Date of supply shall not be..

Posted in VAT |   617 Views



Introduction of VAT in UAE

  CA Deepak Bharti    12 November 2018 at 11:02

GCC i.e. Gulf Cooperation Council is a political and economic alliance of six middle eastern countries- Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman. The GCC was established in Saudi Arabia in May 1981. The objective of the GCC is to achieve unity among members based on their common objectives..

Posted in VAT  3 comments |   1086 Views




Article-2 of Decree Law Article-2 of Decree law provides scope of VAT in UAE, which provides VAT shall be levied on: a) Every Taxable Supply and Deemed Supply made by the Taxable Person. b) Import of Concerned Goods except as specified in the Executive Regulation of this Decree-Law. Defi..

Posted in VAT |   1101 Views




In the application of the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned against each, unless the context otherwise requires: 1. VAT (Value Added Tax) VAT means a tax which is imposed on the supply of Goods and Services and Imports, at each ..

Posted in VAT |   2089 Views




Arjuna (Fictional Character): Krishna, festival of Gudhi Padwa is coming soon. It is a start of New Year. So this year, will the Gudhi which will increase the prosperity of tax payers build? Krishna (Fictional Character): Arjuna, Gudhi Padwa means beginning of Marathi new year. In Maharashtra s..

Posted in VAT |   772 Views




Forms of Business Enterprise Permitted In UAE Types of business entities There are mainly three types of business entities permitted by law in the UAE and they are: (a) Professional (b) Commercial (c) Industrial Professional License is issued to professionals, artisans and craftsmen. T..

Posted in VAT |   505 Views





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