Question

plz answer this no irrelevant answer​

Answer 1

Step-by-step explanation:

dealer pays VAT by deducting the tax paid on purchases (input tax) from his tax collected on sales (output tax). In other words, VAT = Output Tax – Input Tax. For example: A dealer pays Rs. 10.00 @ 10% on his purchase price of goods valued Rs. ... 10.00 to his seller while purchasing those goods.