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what is input rebet on sale tax?

Answers were Sorted based on User's Feedback



what is input rebet on sale tax?..

Answer / atul nema

Input Tax rebate is the tax paid/payable on the purchase of
any taxbale goods to the registered dealer.

such Input Rebate shall be utilised to pay output VAT.

Output VAT-Input VAT= Amount payable.

if Input tax is higher as compare to the Output VAT, refund
shall be generated and carried over to next tax period or
granted to the dealer as the case statue permits.

Is This Answer Correct ?    5 Yes 0 No

what is input rebet on sale tax?..

Answer / sandeep kumar sharma

Input Rebate on Sale Tax

Banefit of Tax Deposit

Output vat- Input Vat= Tax payable

Is This Answer Correct ?    1 Yes 0 No

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