VAT full form

What is the full form of VAT?

VAT full form

Vat full form is Value Added Tax

It is an indirect tax that is imposed on tangible items.

it imposed on each and every process ( from raw material processing to finished goods )the thing to know about vat is that it is collected by the Central and State governments  .charges vary accordingly from state to state

value-added tax (VAT) was introduced on 1 April 2005.

 

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