📣Get to know input tax, sales tax
📣Get to know input tax, sales tax
Input tax is the value added tax that entrepreneurs pay to other operators. from purchasing goods or receiving services for use in their own business
Sales tax (Output tax) is the value added tax that entrepreneurs collect from the purchaser of goods or services. including VAT that entrepreneurs have to pay tax
📌If there is a purchase tax greater than the sales tax, what should I do?
The operator can either refund the tax in cash or take the excess as a tax discount for the following month.
📌If the sales tax is more than the input tax, what should I do?
Entrepreneurs must submit VAT in Phor Por 30 form to the Revenue Department. which can be submitted on the 15th of the following month
📌 Input tax report sales tax report
input tax report It is a report prepared to record the details of the input tax that other operators charge for using the service or purchasing products under the tax invoice. invoice or receipt If, due to necessity, it is not possible to post the input tax in the same month. The input tax can be posted in the following month, but not later than 6 months after the tax invoice is issued.
sales tax report It is a report prepared to record the details of the sales tax that the operator collects from the customer. The sales tax must be recorded as evidenced by a copy of the sales tax invoice issued to the customer in that month.
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