CA Deepak Bharti

Procedures and Returns under UAE VAT
Article (71) of the Decree Law
VAT Return, also known as ‘Tax return’ is a periodical statement which a registered person needs to submit to the authority. The details and […]

Registration under UAE VAT
Registration under UAE VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT from customers and remit […]

Valuation of Supplies, Job Work and Transitional Provisions under UAE VAT
Valuation of Supplies under UAE VAT
Being a completely new form of indirect taxation there are many questions in the minds of the […]

Input Credit and Tax Payments under UAE VAT
VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, […]

Date and Place of Supply  under UAE VAT
The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration to carry out […]

Introduction of VAT in UAE
GCC i.e. Gulf Cooperation Council is a political and economic alliance of six middle eastern countries- Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman. The GCC was established in […]

Benami Transaction (Prohibition) Act, 1988
History of Benami Transactions
Benami is a Persian term which essentially means something “without a name”. However, in the present context, it means proxy. So, a ben […]

UAE VAT- Important Definitions and Meaning
In the application of the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned against each unless the context otherwise […]

How to operate Business in UAE
Your type of business in will determine the kind of license you require to operate Business in UAE. Whether it’s commercial, professional or industrial licenses, these will define […]

UAE – VAT (VALUE ADDED TAX)
The word tax has not been specifically defined under any Law. However, it simply means compulsory extortion of money by any Government within Constitutional power of the Country. I […]

There shall be levied a tax called the Central/State Goods and Services Tax (CGST/SGST) on all intra-State supplies of goods and/or services on the value determined under section 15 and at such rates as may be n […]

A detailed analysis of Section 12 for time of supply in GST
As per Section 12 (1) of Model GST law the liability to pay CGST / SGST on the goods or services shall arise at the time of supply . The time of supply […]