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