Full and Partial Rebate

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Full and Partial Rebate

If you do not get full material tax rebate, In that case Sampan VAT software calculates the partial rebate as per section 47 through the formula described below:

IXT/A

Where,

I= the total amount of input tax that arises in a tax period

T= the value of all taxable supplies provided in a tax period

A=the value of all supplies provided in a tax period