Turnover of Inverted Rate Supply in Financial Formulas

Turnover of Inverted Rate Supply refers to the aggregate value of supplies made by a registered taxpayer where the rate of tax on inputs is higher than the rate of tax on the output supplies. And is denoted by TIRS.

Financial formulas that make use of Turnover of Inverted Rate Supply

fxMaximum Refund AmountGo

FAQ

What is the Turnover of Inverted Rate Supply?

Turnover of Inverted Rate Supply refers to the aggregate value of supplies made by a registered taxpayer where the rate of tax on inputs is higher than the rate of tax on the output supplies.

Can the Turnover of Inverted Rate Supply be negative?

{YesorNo}, the Turnover of Inverted Rate Supply, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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