| "> | | | | procedures were made remarkably easy by the new |
| An agreement between United States of America | | | | IFTA Fuel Tax Software. This highly advanced |
| and Canada came into enforcement for the efficient | | | | software technology helps a licensee to manage and |
| utilization of the highway transportation system, within | | | | maintain all the requisite records, including the fuel |
| the states of these two nations. This agreement is | | | | records, in-accordance with the laws of IFTA. |
| termed as International Fuel Tax Agreement or IFTA. | | | | As per section P550 of the âProcedures |
| According to the rules of this agreement, every | | | | Manualâ of the International Fuel Tax |
| licensee within the jurisdiction of the IFTA member | | | | Agreement, every licensee shall have to maintain |
| states shall have to maintain certain records for the | | | | some specific fuel records. |
| tax and audit purpose. All the intricate recordkeeping | | | | |