Which of the following is not a sale and therefore is not subject to the value-added tax? Transfer, use or consumption not in the ordinary course of business of goods or properties ordinarily intended for sale or use in the course of business. Distribution or transfer to shareholders or investors of share in the profits of a VAT-registered person. Distribution or transfer
Which of the following is not a sale and therefore is not subject to the value-added tax? Transfer, use or consumption not in the ordinary course of business of goods or properties ordinarily intended for sale or use in the course of business. Distribution or transfer to shareholders or investors of share in the profits of a VAT-registered person. Distribution or transfer
Chapter3: Business Income And Expenses
Section: Chapter Questions
Problem 1MCQ
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Which of the following is not a sale and therefore is not subject to the value-added tax?
Transfer, use or consumption not in the ordinary course of business of goods or properties ordinarily intended for sale or use in the course of business.
Distribution or transfer to shareholders or investors of share in the profits of a VAT-registered person.
Distribution or transfer to creditors in payment of debt.
Consignment sales.
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