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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Sales tax
which of the following is true ?
1. if input tax exceeds output tax the difference is payable to the authorities.
2. sales tax cannot be recovered on some purchases.
Hi . My confusion is for number 1 , why the answer is false ?
sorry now i have understand the answer , it was supposed to be ( paid by the authorities )
Thanks
That is correct 🙂
