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Give one word/term or phrase for the following statement:Tax payable to the Government on purchase of goods. - Book Keeping and Accountancy

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Question

Give one word/term or phrase for the following statement:
Tax payable to the Government on purchase of goods.

One Line Answer

Solution

Input CGST and Input SGST or Input Tax

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Goods and Service Tax (GST)
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Chapter 3: Journal - Exercises [Page 81]

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