Vat: Rates in India VAT or

VAT Rates in India VAT or Value Added Tax is a tax added to the goods at each step of the production and distribution process. VAT tax however is ultimately paid by the end consumer, as dealers are allowed to collect VAT tax on their sales, retain the tax paid on their purchases and only pay the balance to the Government. Unlike service tax, VAT is still governed by the State Government by separate VAT act passed by each of the state in India under the guidelines issued by an Empowered ... Learn about Value-Added Tax (VAT ), a levy on goods/services at each production stage, how it impacts your finances, and why it's crucial for global economies. The Federal Tax Authority of the UAE provides tax-related services and information for individuals and businesses. Introduction (Value Added Tax)Additional instructions dated 9th June 2009 on VAT Compensation VAT Compensation Guidelines dated 19th July 2005