Sir can we say that exempt supplies would generally be applicable on manufacturers of demerit goods and zero rated supplies would be to encourage production of merit goods?
I understand sir this is not entirely related to syllabus, but i will be glad if you can help me understand this.
Thanks and much appreciate.
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VAT-exempt supplies Vs. Zero rated
No, I regret that you cannot say that.
As per your previous question I would strongly advise that you work carefully through all the lectures with the study notes, work all the examples and do the assigned work at the end of each chapter in an organised and structured way - your questions have ranged over chapters from the start through to the end of the study notes and demonstrate in the most part a lack of understanding of some basic principles which should have been resolved by the process I have just outlined.
I would therefore recommend in your own best interests that you adopt that approach so as to learn what you need to know to be able to pass this exam - you must also of course then ensure that you acquire a revision/exam kit from an approved ACCA provider for the essential question practice needed to succeed.
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