The aforesaid clarifications are addressing industry concerns thereby ensuring that businesses comply to VAT provisions. Also by way of such clarification, the FTA is clarifying the interpretations once should adopt while applying specific provisions. This also gives way to reach out to FTA for areas which have multiple interpretations and seek clarifications on particular transactions
Where any contradicting interpretations have been relied upon for the previously filled VAT returns, adequate steps should be taken by businesses to ensure that such errors are rectified. Businesses can avail the facility of filling voluntary disclosure form wherever applicable.