Common Credit in Financial Formulas

Common Credit refers to the input tax credit that is available to a taxpayer for goods or services that are used for both taxable and exempt supplies. And is denoted by CC.

Formulas to find Common Credit in Financial

fxCommon CreditGo

Financial formulas that make use of Common Credit

fxPartly ExemptedGo

List of variables in Financial formulas

fx Total Eligible Credit Go

fx Normal Input Tax Credit Go

FAQ

What is the Common Credit?

Common Credit refers to the input tax credit that is available to a taxpayer for goods or services that are used for both taxable and exempt supplies.

Can the Common Credit be negative?

{YesorNo}, the Common Credit, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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