input tax. , in relation to a vendor, means—
input tax means the GST incurred on any purchase or acquisition of goods and services by a taxable person for the purpose of making a taxable supply in the course or furtherance of business.
input tax means the tax paid or payable under this Act by a registered dealer to another registered dealer on the purchase of goods in Tripura in the course of business for resale or for the manufacture of taxable goods or for use as containers or packing material or for the execution of works contract;
Examples of input tax in a sentence
If a party is a member of a GST Group, references to GST which the party must pay and to Input Tax Credits to which the party is entitled, include GST whichthe representative member of the GST Group must pay and Input Tax Credits to which the representative member of the groupis entitled.
More Definitions of input tax
input tax means tax charged under this Act by a registered dealer to another registered dealer on purchases of goods in the course of business;
input tax means VAT paid or payable in respect of a taxable supply to, or an import of goods by, a taxable person;
input tax means the tax paid or payable in respect of a taxable supply to or an import of goods or services by a taxable person;
input tax means the value-added tax paid by a VAT-registered person in the course of his trade or business on importation of goods or local purchases of goods or services from a VAT-registered person. It shall also include the transitional input tax determined in accordance with Section 105 of this Code and other transitional input taxes as prescribed by regulations.
input tax. , in relation to a taxpayer, means the VAT charged on the supply to him of any goods or services and the VAT paid or payable by him on the importation of any goods, being (in both cases) goods or services used or to be used for the purpose of any business carried on by him.
input tax means the amount paid or payable by a registered dealer, by way of tax under this Act, in respect of purchase of any taxable goods;
input tax means tax paid or payable by a registered dealer in the course of business, on the purchase of any goods made from a registered dealer;