VAT: No Double taxation,yet double revenue for states

CA S.SAIRAM , Last updated: 18 June 2010 Share Follow on Google News

VAT: NO DOUBLE TAXATION, YET DOUBLE REVENUE FOR STATES This small write out is a mere reminiscence of the existing VAT system. All of us know that VAT is a state subject. Just to recollect, the basis for calculation of VAT is as below, Total Assessable Value in all the Indian states : Rs.1000/-

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About the Author

CA S.SAIRAM

IFRS Consultant

Myself a B.COM,ACA from 2005. Passed IFRS,Valuation certification (issued by ICAI) and forensic course of IFS. Engaged asIFRS Consultant for an Australian firm. . Great feeling to make friends through this channel. The feedbacks that i received formy articles is encouraging and i sincerely thank our friends fo ... Read more

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