Question

what do u mean by value added tax (VAT)?

Answer 1

A value-added tax (VAT) is a consumption tax placed on a product whenever value isadded at each stage of the supply chain, from production to the point of sale

Answer 2

Hey✌✌✌

▶VAT ( Value Added Tax )


Value added tax or VAT is an indirect tax, which is imposed on goods and services at each stage of production, starting from raw materials to final product. VAT is levied on the value additions at different stages of production. VAT is widely applied in the European countries.

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