(1) A tax to be known as value added tax is hereby imposed and shall in accordance with this Act be charged on-

(a) every supply of goods and services made in Ghana;

(b) every importation of goods; and

(c) supply of any imported service, other than exempt goods and services.

(2) Unless otherwise provided in this Act the tax shall be charged on supply of goods and services where the supply is taxable supply and made by a taxable person in the course of his business.

(3) The tax shall be charged and payable on the importation of goods and for that purpose the laws and regulations applicable to collection of customs duties and other taxes on importation of goods shall apply with such modifications as are necessary.

(4) The charge made under this section shall be the output tax.