What is vat


This query is : Resolved 

29 June 2012 Kindly help me to understand the concept of VAT i.e What is VAT and how it's work??

29 June 2012 VAt means value added tax.

generally two system follow under vat (1) credit system (2) lump sum system,

29 June 2012 Sir, Can you explain briefly,If Possible.


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