VAT means Value Added Tax
It is a tax on value added during each stage of production or distribution chain.
VAT is a consumption tax because it is ultimately born by consumer or end customer.
In India, it means tax on sale of goods within state.
Last updated at April 16, 2024 by Teachoo
VAT means Value Added Tax
It is a tax on value added during each stage of production or distribution chain.
VAT is a consumption tax because it is ultimately born by consumer or end customer.
In India, it means tax on sale of goods within state.