What Is Output Tax?

Posted 9 months ago  |    0  | 
General Legal,Taxation & Duty
General Legal Taxation & Duty

1 Answer(s)

Deepika Gill
Advocate

This is the VAT you charge your customer when you are a taxable person making taxable sales. A taxable person is an individual, Partnership, Corporation, etc. who is registered under VAT. Persons who make taxable sales above the prescribed limit are required to register. When you are registered, VAT is chargeable on all the taxable sales you make.This is your output tax.

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