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What are the books and record kept for VAT?

April 26, 2017Books kept record VAT

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What are the books and record kept for VAT?

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Under section 54 of the Federal VAT Bill, 2010, VAT records include tax invoices (both for purchases and sales), credit/debt notes and customs documents relating to imports and exports. Details for simplified VAT records and book keeping shall be provided in VAT Rules.