Computation of Deferred tax - the amount of tax payable ...
Deferred Tax Calculation: Determine Tax Liability by Subtracting Input Tax Credit from Sales Tax for Manufactured Goods.
August 28, 2014
Case Laws VAT and Sales Tax HC
Computation of Deferred tax - the amount of tax payable according to the returns is the amount of tax calculated on the sales of the goods manufactured minus the input tax credit. - HC
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