Input VAT is the VAT a business pays to suppliers on the goods or services it acquires from a registered vendor. Output VAT is the VAT a business collects from its customers on goods and services they buy. | Accounting concepts
Title
Input VAT is the VAT a business pays to suppliers on the goods or services it acquires from a registered vendor. Output VAT is the VAT a business collects from its customers on goods and services they buy.
%title
Input VAT is the VAT a business pays to suppliers on the goods or services it acquires from a registered vendor. Output VAT is the VAT a business collects from its customers on goods and services they buy.
Subject:
- Accounting
Category:
- Accounting concepts