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advance return

An advance return for tax on sales/purchases. It is a tax return of a company that is liable to tax on sales/purchases.

An advance return contains the transaction volume and the appropriate tax rates incurred in a defined period of time, normally a quarter or a month.

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  • Part of Speech: noun
  • Industry/Domain: Software
  • Category: ERP
  • Company: SAP

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  • Kristen
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