Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Thursday, 26 March 2015

Input Tax Credit and Blocked Input Tax

What is "input tax"? “Input tax” means GST on any taxable supply of goods or services to a taxable person including GST paid or to be paid by a taxable person on any importation of goods. The goods or services are used or are to be used for the purposes of any business carried on or to be carried on by the taxable person.