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Define the 'Input Tax' in respect of Service Tax Act. What
type of Input tax can be taken for the credit of tax payble?
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Answer Posted / rajatsingh845@gmail.com
Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT. If the buyer is registered in the VAT Register, the buyer can deduct the amount of VAT paid from his/her settlement with the tax authorities.
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