What is Vat ? This question is anout Indigo in History.
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ᴀ ᴠᴀʟᴜᴇ-ᴀᴅᴅᴇᴅ ᴛᴀx, ᴋɴᴏᴡɴ ɪɴ sᴏᴍᴇ ᴄᴏᴜɴᴛʀɪᴇs ᴀs ᴀ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴛᴀx, ɪs ᴀ ᴛʏᴘᴇ ᴏғ ᴛᴀx ᴛʜᴀᴛ ɪs ᴀssᴇssᴇᴅ ɪɴᴄʀᴇᴍᴇɴᴛᴀʟʟʏ. ɪᴛ ɪs ʟᴇᴠɪᴇᴅ ᴏɴ ᴛʜᴇ ᴘʀɪᴄᴇ ᴏғ ᴀ ᴘʀᴏᴅᴜᴄᴛ ᴏʀ sᴇʀᴠɪᴄᴇ ᴀᴛ ᴇᴀᴄʜ sᴛᴀɢᴇ ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ, ᴅɪsᴛʀɪʙᴜᴛɪᴏɴ, ᴏʀ sᴀʟᴇ ᴛᴏ ᴛʜᴇ ᴇɴᴅ ᴄᴏɴsᴜᴍᴇʀ.
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Explanation:
vat means value - added tax,
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