Question Tag: Supply of Goods

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PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

Question

There is imposed by the Value Added Tax Act, 2013 (Act 870) a tax to be known as the value added tax, which is to be charged on:
(a) The supply of goods or services made in the country other than exempt goods or services; and
(b) The import of goods or services other than exempt import.

Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?

Answer

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Tags: Supply of Goods, Supply of Services, Taxation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

Question

Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Supply of Goods, Supply of Services, Taxation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

Question

What constitutes exempt supplies?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exempt supplies, Ghana Revenue Authority, Supply of Goods, VAT, VAT Exemptions
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

Question

What constitutes exempt supplies?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exempt supplies, Ghana Revenue Authority, Supply of Goods, VAT, VAT Exemptions
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

Question

Under what condition are goods applied for own consumption treated as supply of goods?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Own Consumption, Supply of Goods, VAT, VAT Compliance
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

Question

Under what condition are goods applied for own consumption treated as supply of goods?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Own Consumption, Supply of Goods, VAT, VAT Compliance
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

Question

Rejoice Baah, a VAT registered trader, reserved goods for Agya Atta costing GH¢12,000. Agya Atta paid a deposit of GH¢2,000 with the agreement that the goods be made available to him after the remaining GH¢10,000 is paid. By mutual consent, the agreement was canceled before Agya Atta could pay the remaining amount.

Required:
What are the VAT implications of the above transactions? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Deposit Payments, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

Question

Required:
What are the VAT implications of the above transactions? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Deposit Payments, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Question

Serwaa Akoto, a VAT registered trader, sold goods to Kofi Asirifi under a credit agreement. Kofi Asirifi could not pay, and Serwaa Akoto repossessed the goods.

Required:
What are the VAT implications? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Agreement, Repossession, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Question

Serwaa Akoto, a VAT registered trader, sold goods to Kofi Asirifi under a credit agreement. Kofi Asirifi could not pay, and Serwaa Akoto repossessed the goods.

Required:
What are the VAT implications? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Agreement, Repossession, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

Question

i) What is Taxable Activity under Value Added Tax? (1 mark)

ii) Identify FIVE (5) examples of taxable activities. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax System, Services, Supply of Goods, Taxable Activities, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

Question

i) What is Taxable Activity under Value Added Tax? (1 mark)

ii) Identify FIVE (5) examples of taxable activities. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax System, Services, Supply of Goods, Taxable Activities, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

Question

Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Supply of Goods, Supply of Services, Taxation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

Question

Required:
i) What constitutes “Supply of Goods”?
ii) What constitutes “Supply of Services”?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Supply of Goods, Supply of Services, Taxation, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

Question

What constitutes exempt supplies?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exempt supplies, Ghana Revenue Authority, Supply of Goods, VAT, VAT Exemptions
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

Question

What constitutes exempt supplies?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exempt supplies, Ghana Revenue Authority, Supply of Goods, VAT, VAT Exemptions
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

Question

Under what condition are goods applied for own consumption treated as supply of goods?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Own Consumption, Supply of Goods, VAT, VAT Compliance
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

Question

Under what condition are goods applied for own consumption treated as supply of goods?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Own Consumption, Supply of Goods, VAT, VAT Compliance
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2021

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

Question

Required:
What are the VAT implications of the above transactions? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Deposit Payments, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

Question

Required:
What are the VAT implications of the above transactions? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cancellation, Deposit Payments, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Question

Serwaa Akoto, a VAT registered trader, sold goods to Kofi Asirifi under a credit agreement. Kofi Asirifi could not pay, and Serwaa Akoto repossessed the goods.

Required:
What are the VAT implications? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Agreement, Repossession, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

Question

Serwaa Akoto, a VAT registered trader, sold goods to Kofi Asirifi under a credit agreement. Kofi Asirifi could not pay, and Serwaa Akoto repossessed the goods.

Required:
What are the VAT implications? (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Agreement, Repossession, Supply of Goods, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

Question

i) What is Taxable Activity under Value Added Tax? (1 mark)

ii) Identify FIVE (5) examples of taxable activities. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax System, Services, Supply of Goods, Taxable Activities, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

Question

i) What is Taxable Activity under Value Added Tax? (1 mark)

ii) Identify FIVE (5) examples of taxable activities. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax System, Services, Supply of Goods, Taxable Activities, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2020

Question Tag: Supply of Goods

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PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

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PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

You're reporting an error for "PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

You're reporting an error for "PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

You're reporting an error for "PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

You're reporting an error for "PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

You're reporting an error for "PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

You're reporting an error for "PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

You're reporting an error for "PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

You're reporting an error for "PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

You're reporting an error for "PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

You're reporting an error for "PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define "Supply of Goods" and "Supply of Services" as per the VAT Act.

You're reporting an error for "PT – Nov 2023 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

You're reporting an error for "PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties

Explain what constitutes exempt supplies under the VAT Act.

You're reporting an error for "PT – Nov 2021 – L2 – Q2d – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

You're reporting an error for "PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain under what condition goods applied for own consumption are treated as supply of goods.

You're reporting an error for "PT – Nov 2021 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

You're reporting an error for "PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Explain VAT implications when a deposit is paid and the agreement is canceled.

You're reporting an error for "PT – Nov 2020 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties

Explain the VAT implications of repossession of goods under a credit agreement.

You're reporting an error for "PT – Nov 2020 – L2 – Q2b – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

You're reporting an error for "PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties

Define taxable activity under VAT and list examples of taxable activities.

You're reporting an error for "PT – Nov 2020 – L2 – Q2a – Value-Added Tax (VAT), Customs, and Excise Duties"

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