Concept of vat

This query is : Resolved 

21 April 2015 If u don't mind please explain VAT

21 April 2015 Vat is a tax charged on the value of goods collected from the purchaser..

Like if you selling a product at 100 and vat rate is five percent... total selling price willbe 105..

21 April 2015 For more details your can search on google..you will find details with examples
... It is a state level tax..so different as per state rules


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