What is a Tax Invoice ?
A tax invoice is an invoice issued by a registered dealer to another dealer which shows tax payable or paid to the government. The dealer who receives the tax invoice may a registered dealer or unregistered dealer. It is a legal document. You must possess a purchase tax invoice if you want to claim Input tax… (0 comment)
Concept of VAT,What is Value Added Tax, Input VAT&Output VAT
What Is Value Added Tax ( VAT) VAT is a multi-point destination based system of taxation, with taxes being levied on the value added at each stage of transaction in the production/ distribution chain. The term ‘value addition’ implies the increase in value of goods and services at each stage of production or transfer of… (0 comment)
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