what is vat

Question

Posted On : Telugu article 19333

what is vat

June 30, 2017

#$%@4-

#$%@4- . 2688

VAT = Value added tax.

0 Upvotes 0 Downvotes	June 30, 2017
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#$%@4- . 1

The tax levied on added value only, that means if the tax paid for Rs.100/-in first lap, the same item sold by 2nd seller for Rs.120/- he should pay tax for Rs.20/- only that is VAT.

0 Upvotes 0 Downvotes	January 21, 2018
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#$%@4- . 1 · Accepted Answer · June 30, 2017

#$%@4- . 1

thanks

1 Upvotes 0 Downvotes	June 30, 2017
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what is vat

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