- VAT invoice to specify conversion rate into rupees for foreign currency
- Time limit of four years for MRA to examine VAT return
- Credit for input tax can be claimed by voluntarily registered persons
- Services provided by management companies to certain entities will be zero-rated
- Goods and services for projects funded by donors, entrance to digital art galleries, construction of buildings for education, and motor vehicles for approved contractors will be exempt supplies.
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
