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.
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 ...