RCM Accounting Entries - UAE VAT - Law

[@nawabmohammadekramuddinkha5240]

Thank you sir. have a nice day

[@RHMC513]

Thanks for your comments.

[@StyleitDesi]

Nicely explained 👌

[@RHMC513]

Thanks for your comments & appreciation.

[@jackrider2263]

What is the difference between article 48(1) and 48(2).

[@RHMC513]

Article 48(2) will be applicable once Implementing State logic is implemented, at this stage, no GCC state is having a status of Implementing state.
Extract for 48(2) provided below:
As an exception to Clause 1 of this Article, in case the final destination of the Goods when entering the State is another Implementing State, the Taxable Person shall pay the Due Tax on Import of Concerned Goods pursuant to the mechanism specified by the Executive Regulation of this Decree-Law.