Quick Guide on VAT Point of Sale (POS) Scheme

Doshi Outsourcing27 Aug, 2020Finance

Point of sale is one of the easiest VAT schemes, created for businesses using an electronic system that records VAT for goods at the time of sale. Point of sale is easier than Apportionment Scheme. Under this scheme, you can calculate the VAT on your sale by identifying the VAT rate for the goods sold at the time of sale.