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SALES TAX by Mind Map: SALES TAX

1. DEFINITION

1.1. indirect tax

1.1.1. goods and services

1.2. business

1.2.1. sell

1.2.1.1. output

1.2.2. buy

1.2.2.1. input

2. REGISTERED BUSINESS

2.1. register

2.1.1. charge

2.1.1.1. output sales tax

2.1.2. suffer

2.1.2.1. input sales tax

2.1.2.1.1. on purchases

3. IRRECOVERABLE TAX

3.1. trader

3.1.1. X

3.1.1.1. claim sales tax

3.1.1.1.1. on their input

4. NOTE

4.1. credit

4.1.1. sales

4.1.2. purchases

4.2. cash

4.2.1. sales

4.2.2. purchases