Deemed Supplies and Exemptions to Deemed Supplies

In the VAT system, the tax shall be imposed on value addition made at each stage of the supply chain. The supplier shall collect the VAT from the customers on the value of supply made to them and can recover the VAT paid by him on his inwards supply as an input tax credit. Thereby, the entire incidence of tax will be passed on to the final consumer.

Source: emiratesca.com

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