Here are your questions! The answers are based on general VAT rules and so they may be different in your state.
When you apply VAT law in day-to-day business procedures, you may have a number of queries. Some minor points may also require clarification. Thus a number of questions arise in the minds of all who are liable to pay VAT. The most frequently asked questions are given here.
There are two systems of taxation in our country: one for the informed and one for the uninformed.
–Honorable Learned Hand, US Appeals Court Justice
What is VAT?
VAT or Value Added Tax ...