A VAT vendor acquires goods from another vendor and receives an invoice containing all the prescribed particulars except the recipient’s VAT registration number. The invoice is for R6 000 (VAT inclusive). The recipient claims input tax in the same tax period. Which statement is most accurate regarding the validity of the input tax claim?

Question

Answer

The claim remains valid provided SARS grants written approval for the invoice to be treated as compliant.

Answer

The claim is invalid because the recipient’s VAT registration number is missing, which is a required detail when the consideration exceeds R5 000.

Answer

The claim is invalid because the invoice lacks the supplier’s signature, which is a compulsory requirement for a full tax invoice.

Answer

The claim is valid since all the key particulars identifying the supply and the VAT charged are reflected on the invoice.

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A VAT vendor acquires goods from another vendor and receives an invoice containi...

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