Financial and business terms. 2012.
input tax — is the VAT paid or payable by taxable persons on goods or services supplied to them (or acquired by them from another European Union ( EU) Member State), which are used, or to be used, for the purpose of their business. VAT registered persons can … Financial and business terms
input tax — value added tax (VAT) charged on supplies made to a taxable person. It can be recovered from HM Revenue & Customs (HMRC) provided that it is attributable to a taxable supply made or to be made and appropriate evidence is held. For further… … Law dictionary
input tax — Value added tax paid by a taxable person on purchasing goods or services from a VAT registered trader. The input tax, excluding irrecoverable input VAT, is set against the output tax in order to establish the amount of VAT to be paid to the tax… … Accounting dictionary
input tax — Value added tax paid by a taxable person on purchasing goods or services from a VAT registered trader. The input tax, excluding irrecoverable input VAT, is set against the output tax in order to establish the amount of VAT to be paid to the tax… … Big dictionary of business and management
residual input tax — Input tax incurred by a business on goods and services used or to be used in making both taxable and exempt supplies. This value is apportioned between taxable and exempt supplies by the partial exemption method. HM Customs & Revenue Glossary … Financial and business terms
input tax credit — noun a tax credit for all GST paid on inputs involved in the production and sale of taxable goods and services …
Tax — Taxation An aspect of fiscal policy … Wikipedia
Tax compliance solutions — Tax compliance solution is a generic term used to describe the available softwares to perform tax compliance for income tax, corporate tax, VAT, service tax, customs, sales tax, use tax, etc. The solution automatically calculates your complete… … Wikipedia
Value added tax — Taxation An aspect of fiscal policy … Wikipedia
Value Added Tax in Madhya Pradesh — MADHYA PRADESH VALUE ADDED TAX ACTVAT Tax payable on value addition. Value Addition is not profit it is difference between sale prices and purchase price.METHODS OF CHARGING VAT1. Subtraction Method In this method tax is charged on difference of… … Wikipedia
