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Tag Archives: vat. s16(3)(h)

UNISA CTA Test 1: s16(3)(h) of VAT Act


Posted 3rd March 2016 by Roulon du Toit & filed under Taxation,

s16(3)(h) of the VAT Act is an important section that is often tested. It can easily be incorporated into your first UNISA CTA test.   If a VAT vendor carries on a business that is partly taxable and partly exempt, input tax is limited to the percentage of taxable supplies.   EXAMPLE: A registered VAT vendor makes […]