What is Cascading effect (Sales Tax)?????
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Cascading Effect
Replies (2)
Cascading Effect means Moving to the next thing................And regading sale tax its means that if there any amendment in act or rules or whatever & it has cascading effect.
The best example of "CASCADING EFFECT" is VAT Credit as credit of VAT passes to one purcahser to another...............
Hope now you are clear..............
Thanks
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