what is VAT ?
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Answer / bk paldiya
VAT means Value Added Tax Which means that the indirect tax
which is levied on every process of manufacturing and
distribution of goods and services
| Is This Answer Correct ? | 33 Yes | 1 No |
Answer / rajesh kumar soni
VAT means value added tax. It is a multi-point tax because
it is charge on both sales and purchased. When it is
charged on sales it is called output vat and when it is
charged on purchase than it is called input vat. When input
vat is exceed on output vat, that exceed amout are called
input credit which is refundable. If output vat is excess
on input vat than it is payable.
So we can say that VAT is a tax which is coming
in lieu of sales tax.
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / pavan kuamr
vat means value added tax this tax is laied by manufactured
goods and produced good.excess amount to the product
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / ravichandra
VAT means value added tax. it was introduced in
andhrapradesh in the year apr 2005.
In india vat is collected only on goods.
vat is collected on all purchase and sale of goods.
vat is collected on purchase of goods is called input tax.
vat is collected on sale of goods is called out put tax.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / yogita jain
VAT IS VALUE ADDED TAX. ITS LEVIED ON THE VALUE ADDED ON
EACH PRODUCT, WHILE REACHING FROM MANUFACTURER TO CUSTOMER.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / c.srikanth
Vat is calculated on parchase and sales on rete of percentenge provides sate government
Input vat-output vat is vat payble
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / g subbarao
VAT IS VALUE ADD TAX,IT WAS INTRADUCED IN AP YEAR IN 2005
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / sekhar reddy
Value Added Tax .it is leved on the manufacring good where
the goods are place of removal the tax is leved.
| Is This Answer Correct ? | 0 Yes | 1 No |
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