Medi Assist Healthcare IPO
Explore
Understanding input tax is crucial for any business to effectively manage their finances. Put simply, it is the tax a company pays on goods and services they purchase for their operations. This includes everything from raw materials to office supplies.
However, input tax can have a significant impact on a business's financial health. It directly affects their bottom line and cash flow, which are key indicators of a company's financial stability. That's why it is important for businesses to carefully track and manage their input tax expenses.
Fortunately, there is a process in place for businesses to reclaim input tax and reduce their overall tax burden. This process is known as tax deductions, where businesses can
