Is Software Zero Rated. Depending on the nature of your services you may be required to determine your customers belonging status ie. Whether the customer is a local or an overseas entity before your supply of services can be zero-rated.
Zero-rated goods and services eg most food and childrens clothes The standard rate of VAT increased to 20 on 4 January 2011 from 175. Most supplies fall under the Standard 20 category but the Reduced VAT rate of 5 is used for the supply of energy in some circumstances and for certain food sales. If an expense was Zero rated or the supplier was not registered for VAT use Zero Rated Expense.
Zero-rated goods and services eg most food and childrens clothes The standard rate of VAT increased to 20 on 4 January 2011 from 175.
Most supplies fall under the Standard 20 category but the Reduced VAT rate of 5 is used for the supply of energy in some circumstances and for certain food sales. Contrary to popular belief it does not prevent the usage of said applications while using the regular unused data but instead offers packages where applications and services within said package are not counted towards the data consumed. This means there is no GSTHST charged on these supplies but GSTHST registrants may be eligible to claim ITCs for the GSTHST paid or payable on property and services acquired to provide these supplies. Is more from the sellers point of view.