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What is the Difference between VAT and Sales Tax ?

Answer Posted / atul nema

VAT= Multipoint tax and applicability of input tax credit.
Every point sale ill goods reaches to the customer.
SALES TAX = Single Point tax without Input Tax credit.First
sale is chargeable to tax n subsequent slae would ne exempt
from tax.

Is This Answer Correct ?    4 Yes 1 No



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