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4 The VAT Return · the VAT Return 61 keeping vat records vat and vat records The accounting system of a VAT-registered business should record: n input tax on purchases and expenses
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VAT and SD Act 2012 - assets.kpmgVAT and SD Act 2012 | Understanding the new VAT regime. 4. The new VAT legislation. The outgoing VAT legislation, Value Added Tax (VAT) Act, 1991,