Question

VAT' is imposed-; 1) Dierctly on consumer; 2) On first stage of production; 3) On all stages between production and sale; 4) On final stage of production

Answer 1

the correct answer is 3

Answer 2

Answer:

Option C.

Explanation:

On all stages between production and sale, is the right answer.

A VAT is an abbreviation for Value-Added Tax, which is a fee charged against companies at every level of the production and dissemination method, generally when a commodity is resold or value is attached to it. A VAT is taken on the contrast between the shopping cost of a good and the price at which it can be traded, for example, the amount of value-added to it. Raisers and sellers generally surpass the cost of the VAT on to the ultimate customer in the style of price hikes. Tax is attached to a good's value each time it rotates hands until shipment to the customer takes place when the closing tax is paid.