The following categories of supplies will be exempt from VAT:
• The supply of some financial services (clarified in VAT legislation);
• Residential properties;
• Bare land; and
• Local passenger transport
The important aspect here is in which category you fall, and whether you will be required to register for VAT.
BMS is always there to help you guide and work for you..!!
• We will have a look at your business nature and will help you determine whether you fall in any of the above category and whether you are required to register for VAT or not.
• If you are bound to register then we will also take up the registration process and all the post registration aspects like invoicing, Accounting and return filing services can also be provided by us.