What Is Input Tax?

Answer

Input tax is a form of a tax where a company that is registered for value added tax (VAT) buys goods or services from another supplier. In this case the VAT charged is 17.5% of the purchase cost.
Q&A Related to "What Is Input Tax"
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.
http://wiki.answers.com/Q/What_is_input_taxed_sale...
Input Tax Credits are the GST you paid on legitimate business expenses (or the allowable portion of the GST paid) Often referred to as ITCs in Revenue Canada documents, Input Tax
http://sbinfocanada.about.com/od/gsthst/f/inputtax...
The policy design of the proposed VAT enables a dealer to claim credit of the tax paid or payable on the purchase of any goods made from a dealer registered in the State. Such tax
http://www.rediff.com/money/2005/feb/02inter.htm
for providing the taxable service, one require the service from some other service provider. the same is known as input service. For an example, in running the transport service the
http://answers.yahoo.com/question/index?qid=201312...
Explore this Topic
Input VAT is when a company purchases goods or services from another supplier, VAT is usually charged buying price which is known as input tax. It is actually ...
documentation, such as VAT receipts, to be able to reclaim the input tax ...
money supply. production( mainly in inputs). taxes. exchange rates. supply stocks. monopolies and cartels. national dept. ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com