I GST 101: Simple Intro to Input and Output Taxes I Alhamdulillah and thank you for the massive support. The basic principle of GST is every business will be imposed consumption taxes on its input and output, depending on the types of goods and services. Input tax will be charged on the consumption and purchases of business. For example the purchase of raw materials, stocks, the consumption of electricity, water and etc. Output tax will be charged on the clients or end consumers through sales. For accountants, output tax would not be a hassle. However the tricky part is on the input tax. Why? We will continue in the next sharing session. Till we meet again. Insya-Allah
Posted on: Mon, 01 Dec 2014 13:48:58 +0000