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)
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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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