Question

VAT is always calculated on which of the following?

a) SP
b) CP
c) Marked Price
d) None of these​

Answer 1

Step-by-step explanation:

a) SP

I hope its helpful mark me as a

Answer 2

SP

Step-by-step explanation:

VAT stands for Value Added Tax and it is the tax that is levied on services and goods and it ends up being paid to the government.

It is supposed to be paid by the producer but gets collected from the end user , i.e consumer.

It is collected at the price on which you buy the item, that is the selling price of that good or service.