Full and Partial Rebate

If you do not get a full material tax rebate, in that case, Sampan VAT software calculates the partial rebate as per section 47 through the formula described below:

IXT/A
Where,

I = the total amount of input tax that arises in a tax period
T = the value of all taxable supplies provided in a tax period
A = the value of all supplies provided in a tax period