2024-2025 Budget: VAT Invoice, Input Tax Credit, Zero-Rated and Exempt Supplies Clarified

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.

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.