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10-02-2014 0183 32 There are a wide variety of these products available including drinks, tablets, and bars The VAT liability of these is as follows 461 Sports energy and sports nutrition drinks...

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VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit ITC on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale VAT is intended to tax every stage of sale where some value is added to raw materials, but...

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A fresh perspective to the VAT controversy on basic food items Dozie Adibe , therefore not liable to VAT In the words of the Judge, once an item is exempted, its packaging, processing or , been crushed and refined It is also not a cooking oil...

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