Page 3 of 3 FirstFirst 123
Results 21 to 24 of 24

Thread: New Trading As name for "old" CC

  1. #21
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    The VAT 103 is a registration certificate. In other words the registered party is obliged to charge VAT and can claim input credits against that charged. It does not mention zero rating at all. Regardless anyway of what his 103 says, you as a vendor are obliged to charge VAT.
    Hi Clive - I don't agree with you on this as many of our customers have section 7 of the VAT103 certificate stating "Goods used for agricultural, pastoral or other farming purposes may be supplied to you at the zero rate in terms of the provisions of Section 11(1)(G) of the act."
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

  2. #22
    Gold Member
    Join Date
    Mar 2012
    Location
    Vanderbijlpark
    Posts
    886
    Thanks
    83
    Thanked 381 Times in 298 Posts
    Hi Mike, I forgot about about farming, but it is still limited to type of goods.

    In any event are you in that line - supplying to farmers and so on?

    To add to Dave's post, I have seen tax clearance certificates very recently where SARS have swapped the registered name and the trading name, as well as some where the trading name is hopelessly incorrect.

    However, if you state the vat reg number of the customer on the invoice, as required, it takes precedence over the name and address, so you should be in the clear.

  3. Thanks given for this post:

    Mike C (06-Feb-14)

  4. #23
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    Thanks Clive. Yep ... that's our line. Glad to hear that the VAT reg number will take precedence.
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

  5. #24
    Platinum Member sterne.law@gmail.com's Avatar
    Join Date
    Oct 2009
    Location
    Durban
    Posts
    1,332
    Thanks
    38
    Thanked 566 Times in 413 Posts
    Blog Entries
    7
    The registered name is the official entity.
    In fact, pursuant to the new companies act, one can no longer just use the trading as name, you must depict the registered name and trading as .....
    Any limited liability may be lost if only the trading name is used.
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

  6. Thanks given for this post:

    Mike C (06-Feb-14)

Page 3 of 3 FirstFirst 123

Similar Threads

  1. Zuma Controversy " Cast the First Stone...""
    By sgafc in forum South African Politics Forum
    Replies: 23
    Last Post: 17-Feb-10, 03:02 PM
  2. "Grandad Bandit" Serial Bank Robber - Can only happen in the States
    By BBBEE_CompSpec in forum General Chat Forum
    Replies: 0
    Last Post: 13-Nov-09, 12:48 AM
  3. [Opinion] free copy of "Quick and Dirty Info Income"
    By TomRasi in forum Marketing Forum
    Replies: 0
    Last Post: 27-Oct-09, 08:23 AM
  4. "In times of universal deceit, telling the truth will be a revolutionary act."
    By Candy Bouwer in forum South African Politics Forum
    Replies: 6
    Last Post: 09-Sep-07, 10:18 AM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •