Which of the following statements is NOT correct? The registered taxpayer can claim input tax credit for items used for its exempt activities. a registered taxpayer can claim input tax credit for items used for zero-rated activities. The VAT rate exempt supplies is 0%. Zero-rated goods or services are taxable for VAT at 0% i only None of the above i, ii and iv. i and iii
Which of the following statements is NOT correct? The registered taxpayer can claim input tax credit for items used for its exempt activities. a registered taxpayer can claim input tax credit for items used for zero-rated activities. The VAT rate exempt supplies is 0%. Zero-rated goods or services are taxable for VAT at 0% i only None of the above i, ii and iv. i and iii
Chapter10: Deduct Ions And Losses: Certain Itemized Deduct Ions
Section: Chapter Questions
Problem 6BCRQ
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Question
Which of the following statements is NOT correct?
- The registered taxpayer can claim input tax credit for items used for its exempt activities.
- a registered taxpayer can claim input tax credit for items used for zero-rated activities.
- The VAT rate exempt supplies is 0%.
- Zero-rated goods or services are taxable for VAT at 0%
- i only
- None of the above
- i, ii and iv.
- i and iii
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