Discussion :: Basic General Knowledge
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Value Added Tax (VAT) is
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A.
indirect tax levied at each stage of production and distribution, from the primary produce to the retailer
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B.
tax calculated on the selling price, but in declaring the liability to the government, the seller is allowed to deduct any tax paid by him when he bought the goods
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C.
both (a) and (b)
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D.
None of the above
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Answer : Option C
Explanation :
No answer description available for this question.
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