Question

SP of mobile without value-added text is 30,000 Sp of mobile with Value added taxid 33900 what is the value it takes VAT what is that value added tax percentage​

Answer 1

Answer:

A value-added tax (VAT) is a consumption tax that is levied on a product repeatedly at every point of sale at which value has been added. That is, the tax is added when a raw materials producer sells a product to a factory, when the factory sells the finished product to a wholesaler, when the wholesaler sells it on to a retailer, and, finally, when the retailer sells it to the consumer who will use it.

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