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Are we required to pay VAT twice a month?
asked
Sep 30, 2015
in
VAT
by
sameera
Is there any requirement to pay VAT on fortnightly basis (ie twice a month)? or is it monthly basis (ie by 20th next month)?
vat
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answered
Nov 4, 2016
by
wmthushara
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It depends on the industry you are in. if you are in Manufacturing or Finance service industry, you have to pay VAT once a month prior to 20th. If you are in other industry you need to pay twice a month( on or before 15th and last day of each month)
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