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VALID FOR INPUT TAX THE ASSAM VALUE ADDED TAX RULES, 2005 FORM-46 See Rule 32(5) TAX INVOICE ORIGINAL-BUYER S COPY Invoice No. Date: Seller s Name Telephone No. Address Fax No. Tax Payer Identification

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What is valid for input tax?

Valid for input tax refers to the tax that a taxpayer is entitled to claim as a credit or deduction for taxes paid on purchases or expenses related to their business activities.

Who is required to file valid for input tax?

Any taxpayer who is registered for value-added tax (VAT) or any similar tax system is required to file for valid input tax.

How to fill out valid for input tax?

To fill out valid for input tax, a taxpayer needs to keep records of all purchases and expenses related to their business activities, calculate the input tax credit, and include this information in their tax return or VAT form.

What is the purpose of valid for input tax?

The purpose of valid for input tax is to allow businesses to recover the tax they have paid for their purchases or expenses, thereby reducing their overall tax liability and ensuring that they are not taxed twice on the same transaction.

What information must be reported on valid for input tax?

The information that must be reported on valid for input tax includes the details of the purchases or expenses, such as the supplier's name and tax registration number, the date of purchase, the amount paid, and the tax rate applied.