Taxable persons or entities in the UAE calculate VAT on the original selling price in normal conditions. However, there are situations where the Federal Tax Authority (FTA) allows the calcul… Read More

Profit Margin Scheme Under VAT in UAE Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an optio… Read More

In re Ms. Shambhu Traders Pvt Ltd. (GST AAR Rajasthan) 1. The used lead acid batteries qualify to be second hand goods. Accordingly, the Applicant dealer is entitled to operate under the Mar… Read More

Hello friends, greetings for the day in the current article we will discuss about margin scheme also known to be as second hand goods scheme in which goods which are brought to the market an… Read More

2021, apart from being the year that is supposed to reverse all the wrongs done by 2020, is also the year that marks the elections to the State Legislature in Bengal. With every election hel… Read More