Question: If a taxpayer is registered for Vat using the payment basis, they must account for VAT on the invoice basis if they make a supply

If a taxpayer is registered for Vat using the payment basis, they must account for VAT on the invoice basis if they
make a supply of goods or services and the consideration (Vat inclusive) for the supply is for R250000 or more
True
Fatse
 If a taxpayer is registered for Vat using the payment basis,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!