Skip to content

Ask the Tutor ACCA FA

sales tax

Bbeti6y ago
if we purchase a machinery and pay sales tax then why it is said that sales tax is irrecoverable even though we can sell it and recover sales tax?
John MoffatJohn MoffatTutor6y ago#1
Irrecoverable means that we cannot get back the sales tax from the state. It has nothing to do with selling it. Please watch the lectures - you cannot expect me to type out all my lectures here!!
Sign in to reply to this topic.