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VAT - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

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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