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Adjustments and Payment (VAT)

Last updated on: February 21, 2025 | ⏱ 1 min read

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Opening Balance of Purchase Tax	Sales Returns	Purchase Return
Increase of Tax Liability	Reducing Tax Liability	Decrease of CST
Tax on Purchase from Unregistered Dealers
Increase in Input Tax	Decrease of Input Tax	Refund of Input Tax
Reversal of Input Tax	Input Tax Adjustment for Purchases From URDs	Input Tax Adjustment Towards Purchase Tax on Schedule H Items
Input Tax Credit Admitted on Capital Goods
Increase of Output Tax	Decrease of Output Tax
Adjustment of Turnover	Adjustment Towards TDS Certificate
Notional Tax Credit – Capital Goods	Reversal of Notional Tax Credit	Increase in Notional Input Tax
Payment Voucher