How to Claim VAT on Bad Debt in UAE | Bad Debt Adjustment in UAE VAT

How to adjust VAT on Sales if the Customer refuses to pay?
There could be some situations where a VAT-registered supplier supplies goods or services to its customers but is not paid (wholly or partially) within a specified period. The supplier is required to account for output tax in the same tax period in which a tax invoice is issued. In this situation, the VAT accounted for by the supplier is likely to become a real cost to the business.

Those suppliers may be able to adjust the VAT on bad debts
In this video, we’ll discuss:
• What is Bad Debt
• What are the conditions to meet by the supplier to adjust the VAT on bad debts
• How to pass journal entries by the supplier, to adjust VAT on bad debt in Tally Prime.
• How to disclose the VAT on Bad Debts in UAE Vat Return by the supplier


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✔️ Chapters
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00:00 Introduction
00:43 Video Content
01:15 What is Bad Debt?
01:43 What are the conditions to adjust VAT on Bad Debts
02:38 How to Pass Journal Entries to adjust VAT in Bad Debt
04:57 How to pass journal entry in Tally Prime to write off Bad Debt
07:53 How to Disclose VAT on Bad Debts in UAE VAT Return
08:55 Outro
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