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Binding General Ruling 11
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2012-07-30 at 09:30:13 PM GMT
Posts: 60
Binding General Ruling 11
I notice that the ruling states "The consideration as reflected on the tax invoice must be reflected as output tax in the vendor's VAT 201 return for the applicable tax period. " Should the word "tax " after the word " output " not be excluded,otherwise SARS will be in for a windfall of revenue.


 

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