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WebbStandard rated supplies – These are supplies that are charged VAT at the rate of 12%. Zero rated supplies – These are supplies that are charged VAT at the rate of 0%. Exempt … WebbMr. Speaker Sir, you will recall that in the 2024 National Budget, I proposeD to introduce VAT at a standard rate of 15% on products which include rice, margarine, cereals, … WebbStandard-rated supplies A taxable person who is registered for GST has to collect GST on the supply and is eligible to claim input tax credit on his business inputs in making … marion county wheatland ferry