The tax payable by a dealer shall be calculated according to the following formula, namely:-- T = A–B Where-- T means the tax payable by the dealer, A means the output tax under this Act, and B means the total amount of input tax credit allowable to the dealer under section 16 or section 17.

The tax payable by a dealer shall be calculated according to the following formula, namely:-- T = A–B Where-- T means the tax payable by the dealer, A means the output tax under this Act, and B means the total amount of input tax credit allowable to the dealer under section 16 or section 17.