My question is why we debit the input tax, and cradit the
output tax. wt is the logic and wt is the principal behind
it
adil khan( CA STUDENT)
Answer Posted / abhisek
because for input tax we have already paid and for which we
will be getting credit so it is our asset thats why we debit
it and vise versa....
Is This Answer Correct ? | 5 Yes | 3 No |
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