Define Input Tax related to VAT.
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Input tax is the tax paid on purchases by a registered dealer in course of its business. ... When a dealer that is registered for value added tax (VAT) buys goods or services from another supplier, VAT is charged and is a particular percentage of the purchase cost. This is known as input tax.
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➡️Input tax is the tax paid on purchases by a registered dealer in course of its business. ... When a dealer that is registered for value added tax (VAT) buys goods or services from another supplier, VAT is charged and is a particular percenta.. and so on..
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