input tax mean ......... plsss
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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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Answer:
Input tax means the central tax (CGST), State tax (SGST), integrated tax (IGST) or Union territory tax (UTGST) charged on supply of goods or services or both made to a registered person.
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