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Answer Posted / thabo modukanele
It depends, when you purchase goods you pay vat input and
when you sell goods you charge vat output which does not
really belong to you as the seller therefore is a liability
which is payable to SARS.As for vat input is an assets in a
case that you are still going to claim it from SARS.
| Is This Answer Correct ? | 7 Yes | 2 No |
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