Under VAT levy, in respect of local purchases of business inputs, a dealer pays

CS Executive · Tax Laws and Practice · PYQS · June 2015
Under VAT levy, in respect of local purchases of business inputs, a dealer pays
(A) Output tax
(B) Input tax
(C) Last point tax
(D) First point tax.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: VAT

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