Question

explain output tax credit​

Answer 1

Answer:

'Output tax' in relation to a taxable person, means the IGST chargeable under the Act on taxable

Answer 2

Answer:

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. When you buy a product/service from a registered dealer you pay taxes on the purchase. ... Tax payable on output (FINAL PRODUCT) is Rs 450 b.

Explanation:

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