VAT means more accounting and paperwork that becomes easier with practice.
An indirect tax paid by all consumers, VAT represents value added at every stage of a business transaction. After VAT replaces Sales Tax, its full extent will be felt in later years. Here is and overview of this tax and how it affects your business.
Chapter 4: VAT’s the New Game?
To tax and to please, no more than to love and to be wise, is not given to men.
–Edmund Burke, 18th Century British statesman
VAT is a simple, transparent tax collected on the sale of goods. India’s states and Union Territories have decided to implement VAT in place of ...
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