https://www.taxtmi.com/forum/issue?id=3846 If input goods are VAT-exempt (nil VAT), their clearance as such does not attract VAT, and because no VAT was payable on acquisition the obligation to reverse input tax credit in respect of those exempt inputs does not arise. en-us Thu, 23 Feb 2012 12:34:53 +0530 Thu, 23 Jan 2025 15:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3846 If input goods are VAT-exempt (nil VAT), their clearance as such does not attract VAT, and because no VAT was payable on acquisition the obligation to reverse input tax credit in respect of those exempt inputs does not arise. Discussion-Forum VAT / Sales Tax Thu, 23 Feb 2012 12:34:53 +0530 https://www.taxtmi.com/forum/issue?id=3846