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How the withholding tax at source entity shall issue the adjusted tax invoice and the certificate…
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The VAT payer is the last consumer of goods or service in the Value Added Tax procedure. The supplier or seller realizes VAT from the purchaser at every level of sale and deposits to the Government treasury. As the consumer is the last among the purchasers, therefore, the ultimate liability of VAT devolves on the consumer. The supplier or seller deposits the VAT realized only at the level of sale to the Government treasury. I didn’t really see much improvement in performance after the latest update.
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What the purchaser can do if a seller does not incline to issue a VAT invoice?
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Who is the Value Added Tax Authority?
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