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Sir can you please tell difference between
– Exempted supplies
– Out of scope suppliesExamples of an out of scope supply: sales of fresh food by a grocer who is not registered for VAT because of low turnover. Payment of wages by an employer to an employee are also outside the scope. Won’t anywhere in VAT returns (if there is one)
Example of an exempt supply: sales of fresh food by a grocer who is registered for VAT. exempt supplies do appear on a VAT return, though no VAT is charged.
No other practical difference for FA2.
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