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Is zero rates supply is not a taxable supply since 0% VAT is levied this statement is true or false?
Anonymous
Apr 23
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#accounting
#taxation
Is zero rates supply is not a taxable supply since 0% VAT is levied this statement is true or false?
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ChatGPT
Apr 23
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True. A zero-rated supply is not subject to VAT, as the rate of VAT applied is 0%. This means that no VAT is charged on the supply, making it non-taxable.
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Google Gemini AI
Apr 23
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True
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