Input VAT Transactions

If by any reason, a tax invoice on any taxable supplies is missing, the company has no right to recover this input VAT amount. It is necessary to deduct this amount from collected input VAT and recognize this amount as expense. (Уменьшили входящий налог. а как списать эту сумму на расходы?)

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In this section of the Taxes chapter, you can finds answers to most frequently asked questions on how to handle specific cases related to VAT  by using the functionality of FirstBit ERP.

In this section