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What is VAT stands for? what kind of VAT it is?
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Answer / dipti panigrahi
VAT stands Value Added Tax. VAT is a indirect tax which is
same as Sales Tax which is given or charged at the time of
selling of a good by the buyer.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / g.ramya
VAT stands for Value Added Tax. It is charged on Intra
state sale. it means when a sale is made within a State,
then that local State govt will charge tax on that sale. it
is introduced to avoid the cascading effect of tax, that is
to avoid double taxation
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sunil sharma
vat stands for value added tax which is lieved on every
sale and take credit of vat in every purchase.Govt. inforce
the vat in india for equalisation of tax.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / asha
VAT is mean by Value added tax
Vat is added for both sales and purchase
When sale is done its vat payable
when purchase is done its credit input we have
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / indira gokul
VAT - VALUE ADDED TAX
THERE ARE 1% 2% = GOLD AND SILVER
4% = NORMAL GOODS
12.5 % = DRESS AND ETC
EXCEMPT = NONE OF ABOVE.
| Is This Answer Correct ? | 1 Yes | 5 No |
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
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