Companies can offset input tax against output tax, paying the balance to the tax authorities.
This applies to input and output tax, for example.
Article 10 Input tax on following items shall not be credited against the output tax
The final, "taxes payable VAT (stay - recognition tax)" subjects such as a credit balance, said the output tax has not yet received.
If the output tax for the period is less than and insufficient to offset against the input tax fort -he period, the excess input tax can be carried forword for set-off in the following periods.
