ZERO RATING
This query is : Resolved
03 December 2010
DEAR SIR,
WHAT IS ZERO RATING?
WHAT IS ZERO RATING?
04 December 2010
ZERO RATING
As well as maximising the organisation’s VAT recovery we would also identify any additional areas where VAT would not have to be paid at all. The most common areas of zero rating are supplies to charities such as new buildings, disabled facilities and advertising services.
For the first two areas we will review business plans, architect’s drawings and any priced breakdowns of the works and will help the organisation draft the appropriate certificate to the supplier. In the latter case we will review all supplies of advertising received and will negotiate with the suppliers to obtain any VAT refund due.
In each case, where appropriate, we will discuss the supplies with H M Customs & Excise and will seek their approval in contentious areas.
Regards
ZERO RATING
As well as maximising the organisation’s VAT recovery we would also identify any additional areas where VAT would not have to be paid at all. The most common areas of zero rating are supplies to charities such as new buildings, disabled facilities and advertising services.
For the first two areas we will review business plans, architect’s drawings and any priced breakdowns of the works and will help the organisation draft the appropriate certificate to the supplier. In the latter case we will review all supplies of advertising received and will negotiate with the suppliers to obtain any VAT refund due.
In each case, where appropriate, we will discuss the supplies with H M Customs & Excise and will seek their approval in contentious areas.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
