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Articles by DR GAURAV GUPTA FCA, FCS, LL.B

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ACCOUNTING IN VAT

  DR GAURAV GUPTA FCA, FCS, LL.B    03 March 2009 at 22:25

RECORDS AND ACCOUNTING UNDER DVAT MEANINGVAT is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs.Under the VAT Act there is only one