An advertising agency is in the business of providing services and must be managed that way. Thus, it has to perform various functions such as accounting, finance, human resources etc. it must also attempt to generate new business. Also this department is important since bulk of the agency’s...
OUTPUT TAX
It is tax on the sale of goods in the state and payable according to the provisions of the state law.
It does not include any tax payable on:
• On any sale outside the state; or
• On any interstate sale.
INPUT TAX
Sales tax paid on the purchase of goods...