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Input tax is the tax paid by a person on purchases or inward supplies. A major element of VAT in UAE is the provision to recover the tax paid on inputs. This means that a person can reduce the value of input tax eligible for recovery from the tax payable and only pay the balance amount as tax. This ensures that tax is paid only on the value-added at each stage in the supply chain. Hence, the amount of input tax eligible for recovery plays an important role in the cash flow and operating…

Looking for a perfect GST software and management solution for your business? Get Tally ERP 9!

Tally ERP9 provides control and different functions all the while allowing customizability letting your business do a lot more in terms of managing accounts.

It offers simplified accessibility for businesses like inventory, accounting, sales, finance, purchase PoS (Point of Sales), job costing, payroll, manufacturing and much more in compliance to VAT, Excise, TDS, GST and TCS.…

Looking for a perfect GST software and management solution for your business? Get Tally ERP 9!

Tally ERP9 provides control and different functions all the while allowing customizability letting your business do a lot more in terms of managing accounts.

It offers simplified accessibility for businesses like inventory, accounting, sales, finance, purchase PoS (Point of Sales), job costing, payroll, manufacturing and much more in compliance to VAT, Excise, TDS, GST and TCS.…